Technical analysis of EUR/USD

hace 3 díasEUR/USD retreated as traders reacted to the weak PMI data. The eurozone manufacturing PMI fell to 44.8 in September from 45.8 in August, while the services PMI fell to 50.5 from 52.9.

If EUR/USD settles below the support level of 1.1115-1.1130, it will move towards the next support level, the 1.1000-1.1015 zone.

hace 3 días

Operación activa

EUR/USD is up 0.50% on the day at 1.1166.

hace 3 días

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hope my analysis was helpful. Thank.

anteayer

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Simon Wells, chief European economist at HSBC, and Fabio Balboni, senior eurozone economist, said that with activity indicators weak and inflation concerns dissipating, the ECB is likely to cut rates more quickly. The ECB is expected to cut rates by 25 basis points at each meeting between October and April 2025, when the main deposit rate will reach 2.25 per cent. Previously, the bank expected the ECB to cut interest rates only once every other meeting, and cut the deposit rate to 2.50 percent in September 2025. The ECB's deposit rate is currently 3.50 per cent.

anteayer

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Guys, not everyone has the right analysis of the market. Hopefully, my further analysis will ensure you a profit.

ayer

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Hello everyone, I am very glad that the analysis and strategies of these days are correct, and I also hope that my analysis and strategies can make you profit or be helpful.
In this way, I will be very happy and more motivated to update the analysis and strategy. Thank you for your likes and attention.

hace 16 horas

Operación activa

According to CME's "Fed Watch", the probability of a 25 basis point cut by November is 45.9%, and the probability of a 50 basis point cut is 54.1% (50.1% and 49.9%, respectively, before the PCE data release). The probability of a cumulative cut of 50 basis points by December is 24.0%, and the probability of a cumulative cut of 75 basis points is 50.2%; The probability of a cumulative 100 basis point cut is 25.8% (26.0%, 50.0% and 24.0%, respectively, before the PCE data).