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EURUSD is consolidating under new multi-week high on Wednesday, after bulls cleared pivotal Fibo resistance at 1.0959 (61.8% of 1.1275/1.0448 downtrend) and cracked psychological 1.10 barrier. The Euro received fresh support from expectations that the Fed is done with rate hikes and rising bets for start of cutting interest rates in the first half of […]

The post EUR/USD: Bulls Taking Breather After Cracking Psychological 1.1000 Barrier appeared first on Action Forex.

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13/06/2024

US Dollar Declines as Fed Signals Potential Rate Cut and Inflation Eases

The EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as anticipated. The Fed’s comments hinted at a possible interest rate cut by December while projecting more aggressive rate […]
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USD/JPY Recedes From Peaks: Analyzing The Pullback

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