EUR/USD registered small losses on Tuesday as the US Dollar (USD) recovered modestly.
EUR/USD moves sideways above 1.1100 in the European session. The Fed will announce monetary policy decisions later in the day. The pair faces a two-way risk amiduncertainty regarding the size of the Fed rate cut. EUR/USD registered small losses on Tuesday as the US Dollar recovered modestly. The pair holds steady above 1.1100 early Wednesday as investors gear up for the Federal Reserve's monetary policy announcements.
Following the Fed's policy announcements, Chairman Jerome Powell will respond to questions at a press conference starting at 1830 GMT. EUR/USD Technical Analysis The near-term technical outlook points to a bullish bias, with the Relative Strength Index indicator on the 4-hour chart holding above 60. On the upside, 1.1160 aligns as first resistance ahead of 1.1200 and 1.1275 . Looking south,the Fibonacci 23.
Currencies Majors Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: EUR/USD poised to extend decline towards 1.1000The EUR/USD pair eased towards 1.1035 during European trading hours, as the Euro got hit by poor local data fueling concerns about the Eurozone’s economic performance.
Read more »
EUR/USD Forecast: EUR/USD gaining bearish traction near 1.1000The EUR/USD pair is pressured, trading near its daily low at 1.1027.
Read more »
EUR/USD Forecast: EUR/USD pressures 1.1000 after disappointing US CPIThe EUR/USD pair heads into the United States (US) opening trading near a fresh four-week low of 1.1002, as the US Dollar surged following the release of Consumer Price Index (CPI) figures.
Read more »
EUR/USD Forecast: EUR/USD gaining ground ahead of Federal Reserve’s decisionThe EUR/USD pair surged to 1.1132 on Monday, its highest in over a week.
Read more »
EUR/USD Forecast: Euro holds above key support ahead of US eventsEUR/USD extended its winning streak into a third consecutive trading day on Tuesday and reached a 2024-high above 1.1130.
Read more »
EUR/USD Forecast: Euro remains bullish despite mixed PMI dataEUR/USD preserved its bullish momentum on Wednesday and reached its highest level since July 2023 above 1.1170.
Read more »