Central Bank Outlooks to Drive EUR/USD and EUR/JPY Trends; Brace for Volatility

The EUR/USD and EUR/JPY trends are expected to be influenced by the monetary policy decisions of the Federal Reserve, European Central Bank (ECB), and Bank of Japan (BoJ) this week. The Fed is expected to raise rates by 25 basis points, while the ECB and BoJ are also anticipated to make rate announcements. The U.S. dollar, euro, and Japanese yen are likely to experience increased volatility as a result. Technical analysis suggests that EUR/USD may face downward pressure, while EUR/JPY could potentially form a bearish reversal pattern.