EURUSD Technical Analysis – A look at the chart ahead of the Eurozone CPI ...Middle East

Fundamental OverviewWe continue to see a pullback in the US Dollar as the market kind of reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025.This was signalled by the lack of US Dollar strength after lots of strong US data with the market’s pricing remaining largely unchanged around three rate cuts by the end of 2025. We might see the greenback remaining on the backfoot at least until the US CPI due in two weeks.On the EUR side, the probabilities for a 50 bps cut in December rose to 63% from 26% last Friday due to the weak Eurozone PMIs. That might have bee

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EURUSD Technical Analysis – A look at the chart ahead of the Eurozone CPI ...Middle East

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