EURUSD continued its rising trend at the expense of USD, as market expects more Fed rate cut to come. ECB: Market price in one more cut this year Fed: Market price in 75bps cut this year. Technical: Resistence: 1.12 and 1.1275 (July 18, 2023, high) Support level to watch 1.113 (SMA 20), 1.11 (Fibonacci 23.6% retracement) and 1.1080 (SMA 100).
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