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2025-09-15 11:27:37
[Euro/dollar fluctuated narrowly on the eve of the Federal Reserve meeting, and the market awaited the interest rate decision] 1. Euro/dollar fluctuated narrowly in Asia on Monday and is currently trading around 1.1730. Overall trading was light, partly affected by the public holiday in Japan. 2. The market focus is on the interest rate decision to be announced by the Federal Reserve at 2:00 am Beijing time on Thursday. A 25 basis point rate cut is generally expected, but there is a possibility of a larger rate cut or forward guidance that exceeds expectations. 3. Fitch recently downgraded France's sovereign credit rating to A+, the lowest level in history, which put pressure on the euro. 4. Technically, the euro needs to break through the resistance level of 1.1789, the high of July 24, before it is expected to restart the upward trend in 2025. The current Asian trading range is 1.1722-1.1734, with support below at 1.1574-1.1392 and resistance at 1.1789-1.1830.
