EUR/USD - Overview for September 19, 2024

Financial and commodity markets analytics


Amid the US Federal Reserve's decision to cut the key rate by 50 basis points, the volatility of the EUR/USD pair has increased. Initially, the price approached the maximum around the 1.1200 mark, then it updated the local minimums. At the moment, the price remains at the levels observed before the publication of the Regulator's decision. Fundamentally, the Fed's rate cut puts pressure on the US dollar and supports the growth of the EUR/USD pair. However, technically, buying at current levels may carry risks associated with a possible decline to the 1.1000-1.1030 zone.