EUR/USD - EURUSD is under pressure ahead of FOMC meeting - 12/16/2024 (GMT)

EURUSD is under pressure ahead of FOMC meeting. The recent narrative about the upcoming interest rate decision is considered as a "hawkish decilne", meaning that the interest rate would be declined with cautious comments, as inflation doesn't show any signs of weakness yet: morever, it had displayed a moderate uptick during the last CPI publication.There are two possibilities to construct a short position: the one is an intraday trade (potential short after the upside breakout through the recent chart formation), another would be a swing trade after 2-3 days of correction.Beware of possible volatility spike during the FOMC publication and press conference on Wednesday.Always do your own research and never forget to manage your risk!