EUR/USD consolidates ahead of the Federal Open Market Committee (FOMC) policy decision with the expectation of maintaining the current interest rate at 5.5% in November’s meeting. The pair trades lower near 1.0570 during the Asian session on Wednesday.
The EUR/USD pair seems to be facing restrained momentum as the 14-day Relative Strength Index (RSI) lies below the 50 level, suggesting bearish momentum and reflecting a bias towards a weaker market sentiment.
The EUR/USD pair seems to be facing restrained momentum as the 14-day Relative Strength Index (RSI) lies below the 50 level, suggesting bearish momentum and reflecting a bias towards a weaker market sentiment.