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EUR/USD bound by 100-day moving average ahead of Fed policy decision

The dollar endured some mixed fortunes yesterday after the US CPI data but against the euro, it fell on the day but held on at a key resistance point. That being the 100-day moving average (red line), now seen at 1.0803. That level is what is helping to limit the recent bounce for the pair, alongside a large set of option expiries today.The latter will roll off later in US trading but in the meantime, it should keep price action contained as we are seeing now. In any case, traders have little co... Read More

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Eur

Usd

Bound

100 Day

Moving

Average

Ahead

Policy

Decision

Eur usd

100 day

Forex

Posted: Jun 14 2023, 08:56

Author Name: forexlive

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