The EUR/USD will be tested with the early September lows after the announcement of the Fed, and any other break below 0.9900 would be fatal for the currency pair.
Economists at ING are of the opinion that the currency pair might sink below the early September low following the US Central Bank Announcement. The Feds’ decision will take a significant toll on the EUR/USD if it is not in favor of the currency pair. The entire environment for the Euro is complex.
Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.
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