GBP/USD unchanged after UK inflation rises and ahead of the Fed rate decision. EUR/USD looks to the FOMC rate decision.
Euro: Downside pressure toward 1.1490 against US Dollar – UOB
EUR/USD Price Forecast: 1.1500 to remain key support level for Fed's Day
TL;DR: One Fed hike is effectively certain today, but markets are pricing four hikes total at an approximately quarterly cadence—whether the SEP validates that path, or its hawkish tail, will decide whether EUR/USD extends below 1.1471 or reverses back through 1.1653.
EUR/USD Price Forecast: Bears crack 100-day SMA, eye 1.1500
The euro has started to face a more challenging period in the short term. The EUR/USD pair has already declined by nearly 0.81% over the last four trading sessions, a move that has begun to reinforce a meaningful bearish bias in favor of the U.S. dollar.
A Fed hike is already heavily priced in, leaving its message on further tightening crucial to ING's near-term Euro forecast. The Euro to US Dollar exchange rate (EUR/USD) slipped to 1.1540 on Tuesday, leaving ING's short-term target of 1.150 around 40 pips away.
Euro: Support holds near 1.15 against US Dollar – Scotiabank
Euro holds near one-month low against US Dollar ahead of Fed verdict
See how a hawkish hike, dovish hike or surprise Fed hold could affect XAU/USD, BTC/USD and EUR/USD.
Euro managed to fell below support 1.1570 which may keep pressure for farther drop toward 1.1460-80 which in turn may activate rebound correction Below 1.1460 more drop s is likely while supports on chart may push for some Intraday rebounds movements Above 1.1570 more bounus toward 1.1625-55 tred resistance SUPPORT RESISTANCE LEVEL1 1.1460-80 1.1570 […]
The dollar's recent rebound as a result of rising bond yields and energy prices has been a key theme in the markets, which is helping to drive major FX pairs, gold, silver and copper all lower, while also weighing on stock markets. Among the major FX, the euro has been held back further by continued gains in oil prices while a closely-watched German sentiment survey today also weighed on the single currency.