🔔🔔🔔EUR/USD news:
➡️ The euro has recovered to 1.1775 (at the time of writing) in Asian trading as markets fully expect a 25bp rate cut by the Fed in September, while the odds of a 50bp rate cut remain slim.
➡️ Across the Atlantic, the European Central Bank (ECB) kept rates unchanged, maintaining a data-driven approach at each meeting without committing to a predetermined rate path.
➡️ Meanwhile, Fitch Ratings expects the Fed to deliver two 25bp rate cuts, one in September and one in December, followed by three more cuts by 2026. In contrast, the agency does not expect the ECB to continue cutting rates.
Personal opinion:
➡️ EUR/USD rises as the Fed's rate cut puts pressure on the US dollar, the uptrend is expected to continue today.
➡️ Bullish flag pattern appears, signaling the next bullish move of this pair
Personal Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1770 - 1.1760
❌SL: 1.1700 | ✅TP: 1.1850
FM wishes you a successful trading day 💰💰💰
➡️ The euro has recovered to 1.1775 (at the time of writing) in Asian trading as markets fully expect a 25bp rate cut by the Fed in September, while the odds of a 50bp rate cut remain slim.
➡️ Across the Atlantic, the European Central Bank (ECB) kept rates unchanged, maintaining a data-driven approach at each meeting without committing to a predetermined rate path.
➡️ Meanwhile, Fitch Ratings expects the Fed to deliver two 25bp rate cuts, one in September and one in December, followed by three more cuts by 2026. In contrast, the agency does not expect the ECB to continue cutting rates.
Personal opinion:
➡️ EUR/USD rises as the Fed's rate cut puts pressure on the US dollar, the uptrend is expected to continue today.
➡️ Bullish flag pattern appears, signaling the next bullish move of this pair
Personal Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1770 - 1.1760
❌SL: 1.1700 | ✅TP: 1.1850
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.