EURUSD Technical Analysis – The price fails to break through a crucial level ...Middle East

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EURUSD Technical Analysis – The price fails to break through a crucial level
Fundamental OverviewThe US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine with just two rate cuts priced in for 2025 and will need some stronger reasons to price out those as well. This could trigger a bigger pullback in the US Dollar after the incredible run since the beginning of October.On the EUR side, not much has changed with the market continuing to price in a 31% chance of a 50 bps cut in December and a total of 148 bps of easing by the end of 2025. This could turn out to be too much if the data

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