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Near-term range is narrowing the Euro turned into directionless mode ahead of this week’s key event – FOMC policy meeting, which is eyed for fresh signals. Near-term action is extending into third ...
A combination of diverging forces failed to provide any meaningful impetus to EUR/USD on Tuesday. The USD languished near a multi-week low and offered support, though recession fears capped gains.
The FOMC decision will grab the spotlight this week. EUR/USD will likely weaken if the Fed surprises markets with 100 bp hike, but this is not the baseline scenario at this point.
EURUSD remains under pressure and the risk is still to the downside as prices continue to drift lower from the 20-day simple moving average (SMA) and the latest high of 1.0280. The short-term ...
EUR/USD and EUR/GBP range trade while USD/JPY tries to hold above last week’s low following the BOJ’s decision to hold rates steady.