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EUR/USD SOARS: A FIVE-DAY WINNING STREAK SHOCKS MARKETS!

Unstoppable Surge! The EUR/USD has skyrocketed to an eye-popping 1.1621, marking a dazzling five consecutive days of gains! As geopolitical tensions ease, traders are ditching safe-haven bets like a hot potato!

Ceasefire Holding Strong! Thanks to a US-backed ceasefire between Israel and Iran, markets are holding their breath as oil prices tumble from their recent highs. But wait! Don’t pop the champagne just yet—recent US missile strikes reportedly only grazed Iran’s critical nuclear facilities, keeping the specter of uncertainty looming like a storm cloud!

Powell’s Warning: Rates on Hold? Federal Reserve head honcho Jerome Powell is sending shockwaves through the market with a bold declaration—interest rates are likely staying put until trade tariffs start to make sense. But traders aren’t convinced—there’s still a wild 20% chance of a rate cut as soon as July!

Eyes on Powell! Now, all eyes are glued to Powell’s upcoming Senate testimony and the latest data on US new home sales for juicy market direction!

EUR/USD TECH ANALYSIS: THE DRAMA UNFOLDS!

H4 Chart Drama: The EUR/USD burst above 1.1540, catapulting towards 1.1640! Will it consolidate there? Hold onto your hats! A downward slip could lead to a nosedive towards 1.1540, while a breakthrough could see wild gains reaching up to 1.1670! But beware! Technical signals point to a potential downward wave targeting 1.1414, as the MACD indicator flirts with danger!

H1 Chart Turmoil: After a solid support bounce at 1.1518, the pair rocketed to 1.1640, where a tense consolidation awaits! The pressure mounts—if 1.1580 crumbles, we could see plummeting down to 1.1518! The Stochastic oscillator is waving red flags, trending sharply downward!

THE BOTTOM LINE!

The EUR/USD is riding high amid improving risk sentiment, but hold onto your wallets—technical indicators hint at a possible pullback. Stay glued to Powell’s testimony and US housing data—these could be the catalysts that rock this already volatile boat!