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Continue the price trend of expansion

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Hello, great friends of Karina!

Today, the EUR/USD pair reported losses during early trading hours on Monday. With a busy week ahead of economic data statements, traders will search for signals from German growth data, as well as inflation and GDP data from Eurozone, before the reserve meeting. The federation is very expected on Wednesday. The main currency pair is currently trading about 1,0556, down 0.07% of the day but and it has not been able to escape its downtrend.

For the US dollar, the Federal Reserve is expected to keep the interest rate unchanged at the end of the two -day meeting on Wednesday. Last month, Fed President Jerome Powell stated that inflation was still too high, increasing expectations that additional interest rates may be able to be able to be by the end of this year. This means that higher long -term interest rates in the US may be able to consolidate USD and act as a level of resistance for the EUR/USD pair.

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