"US Dollar's Rollercoaster Ride: CPI Report, Fed Decision, and Rate Cut Speculation"
TL;DR Summary
EURUSD is currently range-bound between 1.0755 support and 1.0845 resistance, but the upcoming FOMC rate decision and statement could bring volatility. Traders are advised to wait until after the FOMC to consider a trade, with a potential short opportunity if there is a retest of 1.0845 as resistance. However, caution should be exercised as a sustained break below 1.0755 support could expose lower levels. The FOMC will likely determine the next move for the currency pair.
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