Euro Rallies 4 Days Before ECB, Fed Meetings on Rate Cut Hopes
• EUR/USD has risen for 4 straight sessions ahead of ECB and Fed meetings this week • ECB expected to leave interest rates at record highs due to still-high Eurozone inflation • Markets see Fed rate cut as likely by mid-year, supporting EUR/USD • EUR/USD facing resistance around 1.08985, the February 2 intraday peak • EUR/USD in a shallow uptrend since February 14, technically still favors bulls