EUR/USD May Trade in 1.1350-1.1420 Range Ahead of FOMC
The Euro is seen trading between 1.1350 and 1.1420 as the Dollar Index holds steady near 100.70-101.50 before tonight's FOMC decision.
EURUSDDXY
The Dollar Index remains stable ahead of tonight’s Federal Open Market Committee (FOMC) announcement. Markets broadly anticipate no change in interest rates, though there is a 30% probability of an unexpected rate increase.
The near-term outlook sees the Dollar Index contained within a 100.70 to 101.50 range. Meanwhile, the Euro is expected to trade between 1.1350 and 1.1420 against the dollar.
Source: FXStreet Forex News