EURUSD forecast for today by Traders Union analysts | 20.03.2024
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?? Euro/dollar is trying to get back above 1.0865
? Staying under pressure from sellers, the Euro broke through the support around 1.0865 yesterday and tested the 1.0835 mark against the US dollar. The bulls are trying to bring the Euro back above 1.0865, which now acts as resistance.
? Still, until the US Federal Reserve announces the decision on the interest rate level and the press conference of its Chairman Jerome Powell, it is unlikely to be very successful. Passage of resistance will allow testing 1.0880-1.0890, which may be facilitated by the forecast of a rate cut at the next meeting; the intention to keep the rate at the current level for a longer period than analysts expect may contribute to a decline toward 1.0800.#eurodollarforecast #trader #trading #investing #forexmarket #forex #forexforecast #tradersunion #forexbonus #forexspread #technicalanalysis #forexanalysts #traderanalysts