US Dollar's Uncertain Fate: Fed Decision, CPI Report, and Investor Anticipation

The US dollar is expected to face increased volatility in the coming days due to high-impact economic releases, with the most important risk event being the Federal Reserve's monetary policy decision. The Fed is expected to maintain the status quo but may provide a tightening bias in its communication. Traders should examine the updated economic projections to assess the central bank's policy outlook. The EUR/USD has weakened recently, settling below its 200-day moving average, while the GBP/USD has trended lower after failing to clear a key resistance level. Technical support and resistance levels for both currency pairs are outlined in the article.