Forex/crypto expert, financial market consultant/adviser, incoming web3 developer Original quote :consistency kills mediocrity
EUR/USD Analysis: Fundamentals & Technicals The #ECB is likely to slash rates by 60bps, while the Fed is expected to ease only by 25bps. Even though the market has already factored this in, the interest rate gap still favors the USD. So, we're leaning bearish on the euro and bullish on the dollar. Technical Look at EUR/USD We saw a change of character (CHOCH) around $1.11506, followed by a pullback. Right now, the pair is testing a key demand zone at $1.10262. If it breaks below this, it could confirm a descending triangle on the 4-hour chart, with a target of $1.0868—lining up with the 78% Fibonacci retracement. What’s your take on this? Drop a comment, like, or repost! #EURUSD