EUR/USD PRICE FORECAST: NEXT ON TAP COMES THE 200-DAY SMA
EUR/USD PRICE FORECAST: NEXT ON TAP COMES THE 200-DAY SMA
The pair reclaimed 1.0800 and above, recovering from a low near 1.0680.
US Dollar Correction: The US Dollar corrected lower after sharp post-Trump gains, dropping below the 105.00 mark (Dollar Index).
The Federal Reserve reduced interest rates by 25 bps to 4.75%-5.00%, in line with expectations.
EUR/USD still below the 200-day moving average at 1.0870, suggesting potential further declines.
The Fed noted that while the labor market remains tight, it has "generally eased" as inflation approaches the 2% target.
