Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/USD Price Analysis: Pair hovers near 1.0500, lacking momentum ahead of Fed decision

  • EUR/USD edges slightly higher on Wednesday, settling around 1.0500 but still capped by the 20-day SMA.
  • RSI holds at 42 in negative territory, signaling persistent caution and subdued buying interest.

The EUR/USD pair remains in a holding pattern on Wednesday, hovering near the 1.0500 mark. Despite recent attempts to gain traction, the 20-day Simple Moving Average (SMA) near 1.0550 continues to act as a formidable barrier, preventing the pair from establishing a more constructive bias. Market participants are now looking to the upcoming Federal Reserve (Fed) decision for fresh directional cues.

Technical indicators reflect a calm environment. The Relative Strength Index (RSI) is flat at 42, firmly in negative territory and suggesting limited buying interest. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows flat green bars, underscoring the pair’s lack of decisive momentum.

In the near term, a clear break above the 20-day SMA would be required to shift the short-term outlook in favor of the bulls. Until then, the bias remains tilted to the downside, with the 1.0500 handle and the 1.0480 support area in focus. The upcoming Fed decision could provide the necessary catalyst for a breakout or further consolidation, shaping the pair’s short-term trajectory.

EUR/USD daily chart

United States EIA Crude Oil Stocks Change registered at -0.934M above expectations (-1.7M) in December 13

United States EIA Crude Oil Stocks Change registered at -0.934M above expectations (-1.7M) in December 13
Read more Previous

Russia Producer Price Index (YoY) rose from previous 2.7% to 3.9% in November

Russia Producer Price Index (YoY) rose from previous 2.7% to 3.9% in November
Read more Next