EURUSD Technical Analysis - The pair looks to be bottoming out ...Middle East

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EURUSD Technical Analysis - The pair looks to be bottoming out
Fundamental OverviewThe US Dollar remains the strongest currency but overall, we haven’t got much action in the past couple of weeks due to the lack of key catalysts and the market’s pricing remaining largely unchanged around roughly three rate cuts by the end of 2025 despite a series of strong US data. This might be a signal that we are bottoming out here and we could see a correction to the downside in the US Dollar. This should translate in a higher EUR/USD exchange rate.On the EUR side, the probabilities for a 50 bps cut in December rose to 63% from 26% last Friday due to the weak Eurozone PMIs. That might have been an overreaction as the market pared back those expectations this week. T

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