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EURUSD has been gradually backing off from last month’s high in the mid-1.2200s over the past few weeks and, judging by the pairs proximity to key moving averages, trade has become very consolidative. Traders will hoping that tonight’s FOMC meeting will inject some direction back into the market, though most analysts suspect this is unlikely, given no key policy changes are expected to be announced at the meeting.
For more trading details, please check the hyperlinks with time stamp indicated from the video:
