FXEM - EMPIRE MARKETS - Company New Article

The British pound is trading at 1.2972 amid anticipation of the US Federal Reserve's interest rate decision.

Overall trend: Moderately bullish.

• Important pivot point: 1.2920-1.2890, where buyers could strengthen.
• Price barrier area: 1.3010-1.3040, which could limit the upside if not breached.

If the positive momentum continues, the pound could target the 1.3010-1.3040 levels, while a break below 1.2920 could push the price further down.

EUR/USD is trading near 1.0901 as markets await the Federal Reserve meeting and important economic 
data releases this week.

• Important Pivot Area: Located between 1.0870 and 1.0840, where buying interest may emerge to support the price.
• Price Barrier Area: Located between 1.0930 and 1.0960, this area may pose a challenge to continued upward movement.

If buying pressure continues, we may witness an attempt to break 1.0930 and target higher levels. If selling momentum returns, the price may decline towards 1.0870 to test the pivot areas.