EUR/USD: Navigating Through the Impact of Fed and ECB Decisions ...Middle East

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EUR/USD: Navigating Through the Impact of Fed and ECB Decisions
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Key HighlightsDollar Gains: Significant monthly increase, influenced by strong U.S. data and Fed rate cut speculations.Eurozone's Economic Stance: Stagnant growth in Q4 and ECB's tight monetary policy amid rate cut expectations.Technical Analysis Insights: Bearish momentum for EUR/USD highlighted by key technical indicators, with pivotal points at $1.07 support and $1.09 resistance levels.Market SnapshotThe dollar is heading for its most substantial monthly increase since September, as the EUR/USD has trended lower since the year's start, falling 2% and currently just above the $1.08 level. The dollars gain against major currencies this month is attributed to adjusted market expectations reg

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