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CrowdStrike's security program is causing errors worldwide due to conflicts with Microsoft Windows, leading to an IT crisis. Additionally, the risk-averse sentiment is increasing as a rotational decline hits the U.S. stock market, causing the dollar to rise. Meanwhile, at the ECB's monetary policy council last week, the ECB kept the key interest rate unchanged, but President Lagarde stated that the possibility of a rate cut in September remains open.
- On July 25, the U.S. Q2 GDP (QoQ) will be announced.
- On July 26, the U.S. June Personal Consumption Expenditures Price Index will be announced.
- On July 30, Germany's July Consumer Price Index will be announced.
The EURUSD has shown a steep upward trend but is confirmed to face resistance in the 1.09000~1.09100 range. If it fails to break through this resistance zone, a short-term decline to the 1.07000 line and a long-term decline to the 1.04500 line can be expected.
On the other hand, if it breaks through the 1.09000~1.09100 range, the high point will open up to the 1.12000 line, so we will quickly revise our strategy accordingly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.