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2025-09-17 18:57:44
[EUR/USD poised to break through 1.20, with the Fed's interest rate meeting crucial] ⑴ The EUR/USD exchange rate has risen to a four-year high, having previously broken through resistance at 1.1830. The ECB's unchanged interest rate and the Fed's renewed interest rate cuts have created favorable conditions for the euro's upward movement, significantly increasing risk appetite. ⑵ Institutional analysts point to market patterns from 2017 to 2020 as valuable insights into the current EUR/USD trend, suggesting the pair could climb further into the 1.20-1.22 range. ⑶ In the near term, a second consecutive close above 1.1830 would further strengthen bullish sentiment. Market attention is focused on the Fed's interest rate decision, particularly its dot plot and the chairman's press conference remarks, which will be key in determining future policy direction. ⑷ Confidence in the US dollar is currently low, which is expected to limit the euro's potential for a correction and further consolidate its strength.
