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EUR/USD Mid-Session Technical Analysis for October 28, 2019
The Euro is trading slightly higher against the U.S. Dollar as hopes of a U.S.-China trade deal encouraged investors to shed hedge positions in the greenback. Furthermore, after the European Central Bank left policy unchanged last week, traders are now looking forward to Wednesday’s widely expected Federal Reserve rate cut. This move has been widely anticipated for weeks, but traders are focusing on the chances of a December rate cut. The Fed may reveal its future plans at its press conference following its interest rate and monetary policy decisions. At 14:43 GMT, the EUR/USD is trading 1.1093, up 0.0013 or ... (full story)