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EUR/USD Trade Setup (Jan 15)

Dollar remains weak across the board today on rate cut expectation. If the Fed does deliver a 50bps cut on Jan 30, will bring the federal fund rates to 3.75%, below ECB's key rate of 4.00% for the first time in three years. EUR/USD breaches 1.49 level briefly on persistent buying and is set to test record high of 1.4966 and 1.5 psychological resistance.

EUR/USD Trade Setup :Buy @1.4910 , Sell @1.4841

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