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2025-09-18 09:19:52
[EUR/USD retreats after Fed meeting] 1. EUR/USD hit a four-year high of 1.1918 yesterday before retreating, falling to 1.1808 after the Fed's decision. It traded between 1.1808-28 in today's Asian session. 2. The Fed's policy wasn't as dovish as expected, but an October rate cut remains a possibility, pushing up US Treasury yields. Fed Chairman Powell struck a cautious tone about rate cuts, emphasizing that adjustments are meeting-by-meeting. Only new governor Milan dissented from the decision. 3. While EUR/USD rose to its September 2021 high of 1.1909, it failed to break through its 200-month moving average of 1.1983 and remains well below its June 2021 high of 1.2254. 4. 3.8 billion euros in options expired in the 1.1800-10 range today, while over 6 billion and 3.2 billion pounds of options expired in the 1.18 and 1.1900 ranges, respectively, providing support. 5. Traders point out that despite bullish positions closing after the Fed meeting, EUR/USD still has upside potential
