EURUSD price action ahead of crucial FOMC decision ...Middle East

In the European session, EURUSD saw a downward trend, notably breaking below its 100-day moving average (MA) at 1.0857. The decline continued until the currency pair reached and tested significant support levels—the 200-day MA and the 50% midpoint of its rise from the February low, both situated at 1.08374. Today's low went just below this level, touching 1.0359. This movement echoed the previous day's activity, where the price similarly tested these levels, briefly dipped below, and subsequently recovered.Following this dip, the EURUSD managed to rebound, climbing back up towards the 100-day MA at 1.08573. Upon reaching this level, the price encountered resistance, a response anticipated by

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Last updated : 20 March 2024 clock 07:49 PM

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EURUSD price action ahead of crucial FOMC decision ...Middle East

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