📰 EURUSD Soars 0.51% on Positive Market Momentum, Traders Step In Strongly

💡 Why this signal?

• The prospect of a 25bps Fed rate cut in July due to weakening labor market conditions is a key driver for dollar weakness, benefiting EURUSD and GBPUSD.
• Fed's Waller signaling easing before further job losses tempers market fears, encouraging risk appetite and strengthening major foreign currencies versus the USD.
• Upcoming US housing data and sentiment indexes add to volatility, making dollar pairs sensitive to short-term fundamental shifts ahead of the FOMC decision.