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MARKETS ON FIRE: ECB CUTS RATES, BUT THE EURO SOARS!
Hold onto your wallets, folks! Just when you thought the financial rollercoaster couldnโt get wilder, **the European Central Bank** (ECB) slashes interest rates by 25 basis points! Thatโs rightโthe ECB Deposit Rate is now a jaw-dropping 2% instead of 2.25%! But wait, the markets are rallying like itโs a Black Friday sale!
Whatโs the deal? They had the cut fully priced inโso prices barely budged as the trading floor danced around, only to settle right back where it started. But just as pandemonium seems to settle, ECB President **Christine Lagarde** steps up to the micโAND BOOM! The markets ignite with her empowering words, โWe are well-positioned!โ
But hold your horses! Lagarde spilled the beans on inflation too, hinting it could still be a bumpy ride until 2027! You heard that rightโsheโs saying thereโs plenty to reconsider! As if that wasnโt enough, she throws in a bombshell: a STRONG euro could spell disaster for exports. Talk about a mixed message!
The clock is ticking, and everyoneโs holding their breathโmy crystal ball predicts a pause at the next meeting while we vibe with the **September ECB Projections**.
And guess what? Tariffs are lurking around the corner like a dark cloud over the market! Lagarde hinted at global uncertaintyโeveryone wants to know how Trump and Xi Jinping are hashing things out. What a time to be alive!
EUR/USD TECHNICAL ANALYSIS: LETโS BREAK IT DOWN!
EUR/USD Daily: STRONG BOUNCE BACK!
The Euro is climbing higher and higher, rebounding from a mid-May bounce. Strong support from the Daily Exponential MA 20 and EMA 50 is flinging it upwards! The momentum is sizzling, and the RSI isn’t overbought, leaving tons of breathing space for a wild ride ahead! Buckle upโitโs about to get spicy!
EUR/USD 4H: BULLISH MOMENTUM IN FULL SWING!
Prices have bounced back on the Immediate Pivot at 1.1335, fuelled by a weakened USD! Itโs a bullish bonanza today, especially with that killer candle lighting up the charts. Get ready, because weโre barreling towards the crucial 1.15 level while breaking free from the chains of the June 3 downward trend!
EUR/USD 1H: HURDLES AHEAD BUT NO LOOKING BACK!
The ECB conference wraps up with a rock-solid 1H candleโ1.15 is practically begging to be conquered! Prices are bouncing off MA 50 support, and the RSI is in the overbought zone. There are a few bumps on the road, though:
- Final support before the April downturn: 1.1520
- Main Resistance Zone: 1.1550 to 1.1573
Get thisโ**the Euro is up over 0.60% today!**
Stay alert and prepare for the chaos thatโs just around the corner!
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