EUR/USD stays pinned down by key near-term levels for now ...Middle East

As such, we're caught in a bit of a rut for EUR/USD with price action pinned down by key near-term levels as seen above. The 200-hour moving average (blue line) in particular is holding back any upside moves for the time being. That is seen at 1.0525 currently, coinciding with large option expiries on the day.

But in the context of this week, traders are all looking to the Fed for the next set of clues. As such, we might not get any meaningful or lasting moves until we hear from the Fed statement and Powell on late Wednesday.

This article was written by Justin Low at www.forexlive.com.

Hence then, the article about eur usd stays pinned down by key near term levels for now was published today ( Tuesday 17/12/2024 - 07:38 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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