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📊 Is it time to return to the classics?

The strongest and most traded currency pair globally is back in the spotlight: EUR/USD 💶💵

With increasing expectations that the European Central Bank will move towards interest rate cuts this summer, and amid signals from the U.S. Federal Reserve about the possibility of delaying any cuts until the last quarter of 2025, volatility has returned to drive the market strongly.

🔍 Currently, the pair is moving between support levels of 1.0800 and resistance of 1.0950, and with every statement from central bank officials, the equation changes rapidly.

⚠️ What's new? The latest inflation report in the Eurozone was below expectations, supporting the monetary easing scenario. However, the dollar still retains its strength backed by U.S. labor market figures.

🚀 Are we seeing a breakout soon? Or is the market preparing for a surprise move?

Watch closely, as EUR/USD will not remain still for long.

#Tradingtypes101 #Forex #EURUSD #Technical_Analysis #Smart_Trading