EUR/USD - Overview from September 18, 2024

Financial and commodity markets analytics


The EUR/USD pair continues to consolidate around the local resistance zone. The consumer price index of the eurozone, which is expected to be published soon, can reflect on the volatility of quotes. However, significant directional movements should not be expected, as all the attention of investors and traders today is focused on the US Federal Reserve's decision on the key rate and subsequent comments from the Regulator, which are no less important than the size by which the rate will be reduced. Areas of interest from a trading decision perspective could be: the high area near the level of 1.1200 and the local minimum in the zone of 1.1000.