EUR/USD Eyes Support as Market Awaits FOMC, PMI Cues
The EUR/USD pair is currently near the support level of 1.0870, awaiting outcomes from this week's Federal Open Market Committee (FOMC) meeting and various Purchasing Managers' Index (PMI) data, which are expected to reaffirm ongoing inflation concerns. A break below this level could potentially push the pair down to next support levels at 1.0800 and then 1.0700.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
1.1100 |
1.1000 |
1.0950 |
1.0870 |
1.0800 |
1.0700 |