On Wednesday, the EUR/USD pair remained stagnant around the 1.0800 area due to the indecisive nature of the global markets. Investors are currently waiting for the Federal Reserve's interest rate decision, which is scheduled to be released later in the evening. Although the Fed's halt in the hiking cycle is expected, there is also an anticipated 25 bps rate increase by the ECB on Thursday.
The Fed's decision was supported by another decrease in US inflation figures last month. In the pre-FOMC trade, EUR/USD traded close to the 1.0800 region, following the consolidative mood in the rest of the global assets.
Your analysis is comprehensive and unbiased. It's refreshing to see such objectivity.
FXCM
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I see the Euro rising as well with the ECB likely to raise interest rates today, especially if President Lagarde comes across as uber-hawkish during her press conference. The only spanner in the works would be a much weaker-than-expected unemployment claims from the U.S. which would create renewed demand for the U.S. dollar once more.
jpeacockfx
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Seems like a good valid setup. Best of luck!
rationalchoice81
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EUR is toast, 1.080 is the resistance, will go downhill from here
HL-TradingFX
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So great, tks for share
YourLazyTrader
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Botted comments once again, someone is trying to game the tradingview ranking system. I am going to talk seriously with the moderators now.