EUR/USD - Overview from September 10, 2024
Published on 10.09.2024 12:28
The currency pair's quotes have reached the previously described zone located around the 1.1020 level. The publication of inflation data in Germany did not cause an instantaneous increase in price volatility, as the index matched the forecast. The behavior of market participants at current levels, around the above-mentioned 1.1020 mark, is of particular interest from a trading decision standpoint. However, it is difficult to expect prolonged directional movement in any direction at the moment, as the focus is on the Federal Reserve's meeting where a decision on lowering the key interest rate will be made, and which will not take place until next week.