EURUSD: Buy to Win?
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EUR/USD surged to a fresh September high after the Federal Reserve surprised markets with a 50 basis point rate cut on Wednesday, sending risk appetite into high gear and sending traders scrambling to hit the buy button.
Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024 high of 1.1201 (August 26) and the 2023 high of 1.1275 (July 18).
Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024 high of 1.1201 (August 26) and the 2023 high of 1.1275 (July 18).
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