How Fed's decision will impact EUR/USD?

AAATrade Team AAATrade

Looking at EURUSD’s chart, we can see that the FX pair is in an uptrend direction, and it is traded at the rate of around $1.0780 which is also the resistance level. Today we could expect it to be traded in a narrow range around $1.0740-1.08 until the announcement of the FED’s interest rate decision which will play a vital role on the direction of the forex pair.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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