EUR/USD Forecast: Further recovery faces an initial test at the 200-day SMA
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#5fbc89c3 ver:0.76

The EUR/USD exchange rate is on a recovery path, facing a test at the 200-day SMA. The US dollar weakened due to soft economic data, increasing the likelihood of interest rate cuts by the Federal Reserve. The Eurozone's inflation is above target, leading to an interest rate cut by the ECB. Political concerns in Europe have eased, supporting the euro. The ECB's rate cut widens the policy gap with the Fed, but the Eurozone's economic recovery and US economic slowdown may provide support for the pair. #EURUSD #forex...

#newstr #Eur/usd #UsDollar #EconomicData #Ecb #France #FederalReserve 

 https://here.news/story/5fbc89c3?ver=0.76