$EURUSD Forex Signal: Pullback Likely After Hitting Key Resistance
The EUR/USD pair declined sharply last week after the hawkish decision by the European Central Bank .
The biggest focus this week will be the Federal Reserve, which will start its meeting later today. The FOMC committee will deliberate the current state of the economy and deliver its rate decison on Wednesday. Data published last week showed that the American inflation surged to a four-decade high of 7.9% while core CPI jumped to 6.4%. Later on Tuesday, the US will publish the latest producer price index data. Like the CPI, analysts expect that the PPI rose close to 10% in February.
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