🔍 Today’s European Market Snapshot:

  • 🇩🇪 German DAX: -0.06%

  • 🇫🇷 France CAC 40: -0.34%

  • 🇬🇧 UK FTSE 100: +0.23% (only gainer)

  • 🇪🇸 Spain Ibex: -0.59%

  • 🇮🇹 Italy FTSE MIB: -0.09%

Why the Dip?
🔹 Profit-taking after recent gains.
🔹 Mixed signals from global markets (US inflation data, Fed outlook).
🔹 UK Outperforms – FTSE 100 boosted by energy and defensive stocks.

💶 EUR/USD Surges – Key Levels to Watch

The euro is pushing higher, with EUR/USD hitting 1.1489, testing a critical resistance zone (1.1482-1.1516) from 2021-2022.

Next Targets:
✅ Break above 1.1516 → Opens path to April high of 1.1573.
❌ Rejection here → Pullback toward 1.1400-1.1420 support.

Why the Euro Strength?

  • Dollar weakness post-US inflation data.

  • ECB rate cut uncertainty – Will the Fed ease before Europe?

📌 Trading Takeaway:

  • Stocks: European markets cautious, but FTSE shows resilience.

  • FX: EUR/USD at a make-or-break level—watch for breakout or reversal.

  • Next Triggers: Fed meeting, ECB commentary, geopolitical risks.

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