EUR/USD - Review from September 25, 2024

Financial and commodity markets analytics


The previously started growth of the EUR/USD pair led to the renewal of the local maximum price. Here, buyers encountered resistance around the level of 1.1200, which we wrote about yesterday. From a technical point of view, a price return within the range is likely. At the same time, the recent reduction in the US Federal Reserve's key rate, on the contrary, puts pressure on the US dollar and supports the single European currency. At the same time, the market may be influenced by the rhetoric of ECB representatives during their scheduled speeches today. When planning trading decisions, it is necessary to take into account the risks associated with the described circumstances.