EUR/USD has seen a pullback from its earlier gains, currently hovering around the 1.1630 mark after facing resistance near the 1.1660 level during the early European trading session. Market participants are adopting a cautious approach as they await the US Federal Reserve's upcoming monetary policy announcement, which is expected to significantly influence the currency pair's exchange rate.
The uncertainty surrounding the Fed's decision has left investors on the sidelines, leading to subdued trading activity. As the Federal Reserve is poised to unveil its stance on interest rates, traders are closely monitoring any hints that could affect the USD and, in turn, the EUR/USD currency pair. The outcome of this meeting could determine the short-term direction of the exchange rate as traders position themselves accordingly.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-10 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.