The EUR/GBP pair is attempting a recovery as investors eagerly await a speech by European Central Bank (ECB) President Christine Lagarde, scheduled for November 18, 2024, in Paris. Investors are particularly focused on any dovish hints from Lagarde that might influence the pair's direction. Immediate resistance for the pair lies at 0.8580, with strong resistance between 0.8600 and 0.8620. On the downside, support levels can be found at 0.8550 and 0.8500. The EUR/USD is trading slightly above 1.0500, reflecting a cautious market ahead of the ECB meeting. Concerns over former President Trump's protectionist policies are also weighing on the Eurozone economy, with Stephen Moore's comments on BBC intensifying fears of a potential trade war. The market is particularly attentive to Lagarde's statements regarding the prospects of the European economy and a possible timeline for changing monetary policy. Many analysts are predicting that the ECB may cut interest rates in December, although a 50 basis point cut remains uncertain. Meanwhile, the DXY Dollar Index is seeking triggers above 107.00, with analysts at Capital Economics forecasting a 5% appreciation of the US Dollar by the end of 2025. Jerome Powell has indicated that it is still early to judge the impacts of Trump's policies. Additionally, the focus will shift to the S&P Global PMI data for November, set to be released on November 22, 2024, which could further influence market sentiment. [4c3ee899] [cbdbfaba] [0a90a02b]