EUR/USD drops to daily lows ahead of the FOMC. Immediate support is seen at the 1.1117 and 1.1001 levels. EUR/USD daily chart EUR/USD is in a bear trend below its main daily simple moving averages (DSMAs). As Fiber has been consolidating near multi-month lows for the last six days, the market is waiting for the FOMC at 18:00 GMT. The event can potentially lead to high volatility in USD-related currency pairs. The market is widely expecting a 25bps cut from the Federal Reserve. EUR/USD 4-hour chart EUR/USD is trading at daily lows and below its major SMAs, suggesting a bearish bias in the medium term. Sellers want to break below 1.1117 and 1.1101 on the way down, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading below its SMAs, suggesting bearish momentum in the short term. Immediate resistance is located at 1.1130, 1.1146, and 1.1200, according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD technical analysis: Cable clings to daily gains above 1.2210 ahead of FOMC FX Street 4 years EUR/USD drops to daily lows ahead of the FOMC. Immediate support is seen at the 1.1117 and 1.1001 levels. EUR/USD daily chart EUR/USD is in a bear trend below its main daily simple moving averages (DSMAs). As Fiber has been consolidating near multi-month lows for the last six days, the market is waiting for the FOMC at 18:00 GMT. The event can potentially lead to high volatility in USD-related currency pairs. The market is widely expecting a 25bps cut from the Federal Reserve. EUR/USD 4-hour chart EUR/USD is trading at daily lows and below its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
