FX.co ★ The Fed unexpectedly lowered its key interest rate to 0.25%.

At the last ECB meeting, Christine Lagarde did not lower euro's rate, which is actually a positive news for the currency.

This was caused by the 800p gap in the EUR/USD pair.

Now, the weakening of the dollar, associated with the rate cut to almost zero, can push the EUR/USD pair into a third wave in the D1 timeframe:

Thus, the potential passage of 4000p to the zone of 1.15 and higher is broken off.

I recommend carefully working for the increase, not forgetting that volatility is expected to increase this week due to the huge infusion of the dollar supply in the market.

Good luck in trading and control your risks!