📰 EURUSD Surges on Fed’s Waller Rate Cut Call, Testing Key Resistance Ahead of Powell Remarks

📅 Jul 18, 2025, 05:17 EDT | 🔗 Source: Forexlive

🧠 Summary

Fed Governor Waller suggests a 25bp rate cut in July, weakening the dollar and pushing EUR/USD towards key resistance levels. Technicals show waning dollar momentum, indicating a possible near-term upside for EUR/USD amid upcoming Fed events.

💡 Why this signal?

  • Fed Governor Waller's dovish comments and rate cut endorsement signal reduced dollar strength, boosting EUR/USD.
  • The pair is testing key near-term resistance levels, supported by large option expiries at 1.1650.
  • Technical indicators show weakening dollar momentum, increasing the chance of a near-term EUR/USD rally.

📈 EURUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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