EUR/USD Price Analysis: Struggles around the 20-EMA band, parity remains a key hurdle – by Sagar_Dua24 EURUSD SupportResistance ChartPatterns DollarIndex Fed
The risk profile is displayed mixed response as upbeat S&P500 futures are providing a solid cushion while anxiety ahead of the interest rate decision by the Federal Reserve is capping the upside.
Meanwhile, the Relative Strength Index has slipped into the 40.00-60.00 range. An upside momentum will get triggered once it will reclaim the bullish zone in a 60.00-80.00 range. On the flip side, the greenback bulls will grab attention if the asset drops below October 25 low at 0.9848. It may drag the asset toward October 20 low at 0.9755 and October 21 low at 0.9705.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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