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

    Author AvatarBy Ruby Chambers No Comments 6 Mins Read
    • 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

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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