Euro corrects higher during the American session, remains bearish EURUSD EUR $EURUSD $EUR
Stocks in Wall Street tumbles as the FOMC meeting kicks off.is falling on Tuesday, on its way to the lowest daily close in a month, clearly below 1.1300. The dollar remains strong ahead of the FOMC meeting and amid volatility and risk aversion across financial markets. US stocks continue to move from sharp losses to intense recoveries, looking vulnerable.
. Caution remains the theme among investors that are awaiting Wednesday’s Fed policy announcement. The central bank is expected to show clear signs of a rate hike in March.The bias in EUR/USD remains to the downside. The euro is trimming daily losses but it is vulnerable to new declines particularly if it drops under 1.1265. The next strong support is the 1.1230 area.
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