EUR/USD is currently trading around 1.1630, having surrendered much of the gains achieved during Wednesday's early European session. The currency pair faced resistance at session highs near 1.1660, prompting traders to adopt a cautious stance ahead of the impending US Federal Reserve monetary policy announcement.
As investors remain on the sidelines, the exchange rate reflects a lack of decisive momentum. The outcome of the Fed's meeting is poised to significantly influence the market, with expectations surrounding potential changes to interest rates impacting the USD's strength against the EUR. The anticipation is palpable, as traders weigh the implications of the Fed's decision on future currency movements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 13:37
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.