EURUSD Upside more compelling

一昨日EURUSD continued its rising trend at the expense of USD, as market expects more Fed rate cut to come.
ECB: Market price in one more cut this year
Fed: Market price in 75bps cut this year.
Technical:
Resistence: 1.12 and 1.1275 (July 18, 2023, high)
Support level to watch 1.113 (SMA 20), 1.11 (Fibonacci 23.6% retracement) and 1.1080 (SMA 100).