EUR/USD Pauses Ahead of Federal Reserve Policy Decision
EUR/USD is trading sideways near the psychological level of 1.0500 during Wednesday’s European session. The major currency pair consolidates as traders await the outcome of the Federal Reserve’s last policy meeting of the year, concluding at 19:00 GMT. This waiting game could lead to implications for trading strategies, so understanding market sentiment is crucial. Economic interpretations of the Fed’s decision may result in significant volatility for EUR/USD in the hours following the announcement. Stay updated to understand likely market movements following the announcement.
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