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
Chart of the Day: USDJPY Caught in a Trap. Tokyo Intervention and a Hawkish BoJ Loom
การประชุม Fed เดือนตุลาคม และประเด็นสำคัญที่ต้องจับตา
Economic Calendar: จับตาความเชื่อมั่นผู้บริโภคสหรัฐฯ และตัวเลขเศรษฐกิจสำคัญ
วอลล์สตรีทฟื้นตัวรับข่าว Anthropic ขณะที่ตลาดเอเชียพุ่งแรง