Euro down as ECB cuts rates

By X-blogger - on April 18, 2025

The U.S. dollar gained after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year.

The Euro-Dollar pair corrected downwards in the last session, falling 0.1%. According to the Stochastic-RSI, we are in an overbought market.
Support: 1.1278 | Resistance: 1.1461

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