The EUR/USD price successfully made a strong bullish breakout after the Federal Reserve downshifted for the second straight meeting.
It darted higher and reached a high of 1.100, the highest point since April 4 of last year. The euro has jumped by almost 5% this year.and the European Central Bank . On Wednesday, the Fed decided to lower the pace of its interest rate hikes as it assessed the state of the economy. In its decision, the bank hiked by 0.25% for the first time in months. It will also continue implementing its quantitative tightening policy.
The other main catalyst for the EUR/USD price will be the upcoming non-farm payrolls data. Economists expect that the economy added jobs at a lower pace while the unemployment rate rose to 3.6%.EUR/USD forecast
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