Investors have doubts about the upcoming FOMC meeting. Forex market participants are well aware that the regulator seems to continue the cycle of rate hikes in June, which could be a strong stimul for the US dollar strengthening in the EUR / USD pair, but nobody is confident in the Federal Reserve.
EUR/USD technical analysis and forecast on April 27
The euro exchange rate has adjusted to the 1.1300 level, the RSI came back to the neutral zone. “Bears” on the EUR / USD pair may come again with the downward movement from the current position. The Forecast for EUR / USD on April 27 involves the quotations movement to 1.12, the pair continues to trade within the correction to the lower boundary of the ascending channel. The main goal is still below the 1.11 level.
