EUR/USD - Review from 23.09.2024

Financial and commodity markets analytics


Following a consolidation around local highs, the EUR/USD pair is resuming a decrease. It is likely to update the local low around the 1.1065 mark and test the support area, which we previously wrote about, located in the 1.1000-1.1030 range. The current decrease comes despite the decision on the key rate made by the US Federal Reserve last week. After testing the area of 1.1000-1.1030, where an update of the local minimum is not ruled out, an increase may resume, with the price returning within the range of 1.1000-1.1200.