A complicated phase full of unexpected events, lateral?
The EURUSD, which rose to 1,1120 following the European Central Bank decision on Thursday last week, was unable to hold up in this region.
The continued rise in US inflation in February, coupled with pre-Fed geopolitical risks, supported moves in favor of the US dollar.
On the other hand, the markets will have another eye on the results of the Fed meeting. The Fed will announce its interest rate decision on Wednesday. Bound
From a technical point of view, the low 1,0900 level and the low 1,0805 level last week will be the first areas of support. Above, the 1,1150 level, which is a 23,6% Fibo band of 1,0405 and 1,2266-1,0805, can be seen as the first resistance zone. Bound