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SHOCKING FALL: EUR/USD DIPS TO 1.1738 as Dollar Stages a Bold Comeback!
Is a Trade Deal Looming? US and EU Get Ready to CRANK UP the Tariffs!
In a jaw-dropping turn of events, the EUR/USD currency pair has plunged to 1.1738! The US dollar is staging a modest comeback, but guess what? It’s still on track for a WEEKLY DECLINE! Investors are holding their breath, calculating the implications of trade negotiations while anxiously awaiting next week’s showdown.
Rumors are swirling that the US and the EU are inching closer to a trade agreement that could unleash a staggering 15% tariff on many European goods, mirroring a recent explosive deal with Japan! What does this mean for your wallet? It’s about to get FEISTY!
The Fed’s Next Move: Policies Under a Microscope!
As all eyes turn to the Federal Reserve, market gurus speculate that the Fed will KEEP rates steady in their upcoming meeting, ALL EYES PEELED on how new tariffs could impact inflation! The stakes are HIGH and the pressure is mounting!
In a surprising twist, President Donald Trump has softened his stance on Fed Chair Jerome Powell, following an earth-shattering visit to the central bank’s headquarters. Trump assures the world he has ZERO plans to oust Powell. Was it a strategic PR move? The plot thickens!
Futures Predict a BUMPY Road Ahead!
Future forecasts are flashing RED with expectations of a total of 43 basis points by the end of 2025! Experts are now betting on one rate cut in September and another in December. Buckle up, folks!
Tech Analysis: What’s NEXT for EUR/USD?
Zooming In on the H4 Chart:
Hold onto your hats! The EUR/USD has completed an upward roller coaster ride to 1.1788! But today, we’re bracing for a downward plunge to 1.1723, followed by a potential bounce back to 1.1755. It’s a wild ride and the pair is likely to face resistance in a consolidation range, aiming for a terrifying drop towards the primary target of 1.1670! The MACD indicator confirms this downward spiral with a warning—signals are trending sharply downward!
H1 Chart Drama Unfolds:
On the H1 chart, the action is heating up! The EUR/USD is forming the initial signs of a downward wave aimed straight at 1.1723! The first milestone at 1.1733 has already been conquered! A corrective rise may lead us to 1.1755 before another plunge toward the ominous 1.1723! The Stochastic oscillator supports this trend—pointing decisively downward!
What Comes Next?
The EUR/USD is facing severe pressure, but don’t be fooled! The broader dollar weakness is still lurking! Traders, stay ALERT! Keep your eyes glued on trade policies and the Fed’s next big move. Technical indicators suggest further consolidation with a predominately BEARISH outlook.
This Roller Coaster is Far From Over!
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