EUR/USD trades narrowly ahead of FOMC decision; set buy at 1.0980, sell at 1.0800. Rising DXY and bond yields influence direction, while technical analysis points to key resistance and support levels. Bullish view
Bearish view
The EUR/USD pair drifted downwards after the encouraging Chinese industrial production numbers. It also declined slightly after the February Consumer Price Index (CPI) data. It retreated to 1.0868 as the US dollar index (DXY) continued rising.More By This Author:Forget SMCI Stock: Root Share Price Is Doing Much Better BTC/USD Forex Signal: Bitcoin Price Makes Wild SwingsZillow Stock Price Forecast: The Plot Thickens
