FXEM - EMPIRE MARKETS - Company New Article

The British pound experienced some volatility today, trading at 1.2966 against the US dollar. This move comes as markets await the US Federal Reserve's interest rate decision, which increases market uncertainty.

• Potential retracement zone: 1.2930-1.2900, which could boost buying momentum if tested.
• Strong upside barrier: 1.3000-1.3030, which represents an obstacle to further gains.

If the pair can stabilize above 1.2970, we may witness further gains towards 1.3000, while a break above 1.2930 could push the price towards 1.2900. The performance of the US dollar remains a key factor influencing the pair's movements during the coming sessions.

The EUR/USD pair has witnessed a slight decline, currently trading near 1.0866 as markets await important economic data that could influence its future direction.

• Potential Rebound Area: 1.0830 - 1.0800, which could support the upward movement if tested.
• Strong Upward Barrier: 1.0900 - 1.0930, which could pose a barrier to the extension of the uptrend.

The overall trend for the euro continues to be influenced by the movement of the US dollar, amid expectations of more pronounced movements with the release of upcoming economic data.