EURUSD InsightEuro/US DollarFX:EURUSDshawntime_academyWelcome to all our subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - Christopher Waller, a member of the Federal Reserve Board, commented on interest rate cuts, saying, “Why wait until September? It's only six weeks away and not that significant.” - With the August 1st negotiation deadline approaching, Trump reportedly wants to impose tariffs on most EU goods at a level higher than the minimum 10%. Negotiations with the EU are said to be facing difficulties due to the U.S.’s hardline stance. The EU is expected to take retaliatory measures if the talks fail. - Japan’s NHK reported that the ruling coalition of the Liberal Democratic Party (LDP) and Komeito is certain to fail to secure the 50 seats needed for a majority. As a result, Prime Minister Ishiba is likely to face difficulties in implementing his policies following a victory by the opposition. This Week’s Key Economic Events + July 22: Speech by Fed Chair Jerome Powell + July 24: ECB Interest Rate Decision EURUSD Chart Analysis The downtrend continues, with the pair having dropped to the 1.16000 level. A further decline toward the 1.15000 area is possible if this level is breached, though a rebound from this zone is also a possibility. If a bounce occurs, attention should be paid to how the price behaves around the 1.18000 level. Conversely, if the pair drops to 1.15000 and then successfully rebounds, an upward move toward 1.19500 could be expected.