EUR / USD Analysis

EUR / USD Analysis

- EUR / USD rose and approached 1.1750. -FOMC interest rate decision will be announced Wednesday. EUR / USD Offer Before FOMC The drop in the EUR / USD Tuesday caused its performance to decline rapidly and remained well above 1.17, opening a potential door to the last 22-month peaks in the 1.1780 / 85 band. According to the report, Spain Retail Sales contracted by 4.7% annually in June, while Producer Prices will be announced later in Italy in the session. However, the most important data will be FOMC. The Fed will likely be able to strengthen its forward guidance and elaborate more on the potential implementation of the yield curve control (YCC). It is thought that there will be no change in the monetary policy stance among investors. Also, those familiar with the market think that the issues addressed at Chief Powell's press conference will be around the health of the US economy and expectations for recovery in the current context. The pair is currently trading at 1.1747, rising 0.27%, and a break in 1.1781 could reach 1.1852 and 1.1852.