Hello traders ,what do you think about EURUSD? After breaking the trend line and reaching the support level, this pair is now pulling back to the broken zone. It is expected to drop to the specified level after completing the pullback.
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Comment:
in about three hours, Jerome Powell, the Chair of the Federal Reserve, will deliver a speech. Considering Powell's hawkish tone in his previous speech, which diminished hopes for a near-term interest rate cut, it will be interesting to see how his tone will be in today's session, especially in light of the GDP announcement on Wednesday and the PCE data on Thursday."
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