$EURUSD Analysis: Remains capped near descending channel hurdle, awaits FOMC on Wednesday by hareshmenghani forex trading
decision, scheduled to be announced on Wednesday. This helped limit the downside for the pair, at least for now.
Moving ahead, there isn't any macro data due for release from the US on Monday, leaving the USD at the mercy of the US bond yields. Apart from this, the broader market risk sentiment might influence the USD price dynamics and produce short-term trading opportunities around the EUR/USD pair. Traders, however, might prefer to wait on the sidelines ahead of this week's key central bank event risk.
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