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Figure Heloc 
EUR/USD edges higher on Tuesday, extending gains for a second consecutive day as a softer US Dollar (USD) lends support to the Euro (EUR), with market focus gradually shifting from the ongoing US-Iran war to upcoming monetary policy announcements from the Federal Reserve (Fed) and the European Centr
💡 DMK Insight
The EUR/USD is gaining traction, and here’s why that’s significant: a weaker USD is boosting the Euro’s appeal. As traders shift their focus from geopolitical tensions to monetary policy, the upcoming Fed and ECB announcements could set the tone for the pair. If the Fed signals a more dovish stance, we might see the Euro continue to strengthen against the Dollar. Watch for key resistance levels around 1.10; a break above could trigger further bullish momentum. Conversely, if the Fed surprises with a hawkish tone, expect a quick reversal. It’s also worth noting that the market’s reaction to these announcements could ripple through related pairs, like GBP/USD and AUD/USD. Keep an eye on economic indicators leading up to the announcements, as they could provide hints about market sentiment and potential volatility. The next few days will be crucial for positioning ahead of these events.
📮 Takeaway
Watch for EUR/USD to test resistance at 1.10; Fed’s upcoming policy announcement could dictate the next move.
