EURUSD Technical Analysis – The US Dollar celebrates the Trump’s victory ...Middle East

Fundamental OverviewThe US Dollar rallied across the board yesterday as Trump got elected President of the US. The Republicans won also the Senate and the House giving us a red sweep and therefore high chances of tax cuts.This should be the most bullish scenario for the greenback as it should lead to higher growth and less rate cuts expectations. In fact, given the red sweep and the strong US data we keep on getting, the Fed might start to change its stance, and we could see a much earlier than expected pause in 2025. EURUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that EURUSD broke through the key support zone around the 1.0777 following the Trump’s victory. The se

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EURUSD Technical Analysis – The US Dollar celebrates the Trump’s victory ...Middle East

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