Today, EUR/USD is experiencing a sharp decline, falling below the 1.0900 mark during the European trading session. This drop follows a recent high of approximately 1.0955. The strengthening US dollar is impacting this major currency pair in advance of the Federal Reserve’s interest rate decision scheduled for 18:00 GMT. As investors brace for potential shifts in monetary policy, understanding these dynamics is crucial for success in forex trading. Traders should remain alert to the implications of Fed decisions on currency movements.