EUR/USD is testing crucial levels ahead of today's FOMC statement, having previously exhibited weakness. It has been moving slowly downwards inside of its descending channel. Despite rebounding from support at 1.080 and challenging resistance at 1.0900, the pair broke through a key trendline, underlining the market's bearish sentiment even against a backdrop of consistent CPI data from both the Eurozone and the U.S. Technical analysis indicates a pivotal moment as EUR/USD approaches 1.0900 …
EUR/USD Awaits FOMC Statement Amid Challenging Technicals for FX:EURUSD by
EUR/USD is testing crucial levels ahead of today's FOMC statement, having previously exhibited weakness. It has been moving slowly downwards inside of its descending channel. Despite rebounding from support at 1.080 and challenging resistance at 1.0900, the pair broke through a key trendline, underlining the market's bearish sentiment even against a backdrop of consistent CPI…
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