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The euro has had a great performance so far, mainly due to the increase in German financial spending expectations and Trump’s tariff. In the past four weeks, though, EURUSD’s husband has not done a lot due to the lack of major developments at the forefront of trade and interest rates.
The European Central Bank continues to reduce prices amid economic uncertainty and slowdown from definitions. The Federal Reserve, on the other hand, keeps the rates fixed amid uncertainty.
The short dollar trade has also been nullified, so there is a risk of some relaxation in locating if the market is re -settled for its expectations on the federal reserve.
Today, we will have the first test because the Federal Reserve can decline against 80 basis points of mitigation by the market, giving Greenback a boost. The next main area to see is Commercial negotiations With positive developments you can see more relaxation for the short dollar trade.
The graph for 4 hours eurusd
In the graph for 4 hours, we can see that the EURUSD pair is united in a major support area around the level of 1.1278 where we can also find a direction line to meet. This is where we can expect buyers to interfere with specific risks below the direction line to place a march in a 1.16 handle. On the other hand, sellers will search for a lower break to start targeting the next 1.09 handle.
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