EUR/USD could revisit the previous week’s low at 1.0521 due to facing pressure. Any dovish remarks post-Fed decision could uplift the pair toward a 23.6% Fibonacci retracement level at 1.0648. RSI indicates a bias towards a weaker market sentiment. 5% in November’s meeting. The pair trades lower near 1.0570 during the Asian session on Wednesday.
Investors will closely watch the Federal Open Market Committee’s (FOMC) post-meeting communication to gauge the potential path of interest rates. Any dovish remarks could turn the pair to the upside toward the key barrier around the 23.6% Fibonacci retracement level at 1.0648. The further obstacles are presented by the 50-day Exponential Moving Average (EMA) at 1.0650.
EUR/USD Price Analysis: Retraces the recent gains, hovers below 1.0600EUR/USD moves downward after recent gains, hovering below 1. Read more ⮕
EUR/USD Price Analysis: Downside pressure should alleviate above 1.0700– EUR/USD regains the smile and briefly surpasses the 1.0600 barrier. Read more ⮕
EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s, bearish flag pattern spottedThe EUR/USD pair struggles to gain any meaningful traction on Monday and remains confined in a narrow trading band, just above mid-1.0500s through the Read more ⮕
EUR/USD Price Analysis: Immediately to the upside aligns 1.0700– EUR/USD advances further and retests the 1.0670/75 band. – Further gains could see the 1. Read more ⮕
USD/CHF Price Analysis: Extends gains for fifth-day hovers above 200-DMAUSD/CHF prolongs its gains to five consecutive days, breaching the 200-day moving average (DMA) at 0. Read more ⮕
USD/MXN Price Analysis: Hovers near 18.0700 aligned with the barrier at seven-day EMAUSD/MXN snaps a three-day losing streak, trading higher around 18. Read more ⮕