EUR/USD steadied around $1.2450 ahead of the awaited Federal Reserve two days monetary policy meeting starting tomorrow. The Fed is under raising pressure to hike interest rate anytime soon as economic indicators in U.S. continue to show strong numbers.
EUR/USD pair direction remains uncertain as bulls and bears are awaiting the important Federal Reserve monetary policy meeting output. Prices are succeeded to break above the falling wedge but lack of buying pressure kept the prices moving around the upper line of the wedge.
Despite the pair recent rally, fundamentals are still in favor for the greenback, so any rally will be capped since the main outlook of the pair remains bearish.
EUR/USD pair direction remains uncertain as bulls and bears are awaiting the important Federal Reserve monetary policy meeting output. Prices are succeeded to break above the falling wedge but lack of buying pressure kept the prices moving around the upper line of the wedge.
Despite the pair recent rally, fundamentals are still in favor for the greenback, so any rally will be capped since the main outlook of the pair remains bearish.