Read more
5:33 PM · 28 July 2021

EURUSD ahead of Fed decision

-
-
Open account Download free app

Today at 7:00 p.m. BST the Fed's decision on interest rates will be released, and at 7:30 p.m. BST, Jerome Powell's press conference will begin, which may translate into increased volatility on USD pairs as well as on stock indices. Let's take a look at the technical situation on the EURUSD.

The major currency pair has been moving in a downtrend recently. Nevertheless, volatility has been low since the beginning of the month and the price is consolidating. If today's speech of the Fed president does translate into increased volatility, two levels are worth paying attention to. The key resistance is located around 1.1875 and is marked with the upper limit of the 1:1 structure and 23.6% Fibonacci retracement. Meanwhile, key support lies around 1.1750.

EURUSD interval H4. Source: xStation5

27 January 2026, 6:15 PM

U.S. dollar sell-off 🚨 USDIDX slumps nearly 1%

27 January 2026, 5:34 PM

Hawkish Fed Comeback? 🦅 Inflation and Politics Could Keep U.S. Rates Frozen For Longer 🔍

27 January 2026, 6:51 AM

Morning wrap (27.01.2026)

26 January 2026, 6:46 PM

Cosmic increases in precious metals, yen in turbo mode! 🚀

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits