EUR / USD marks lows in almost a week near 1.1250

• The dollar advances in the market before the start of the Fed meeting.
• EUR / USD continues to decline after hitting 1.1355 last Wednesday.
• Expectations of a hawkish message from the Fed continues to prop up the dollar.

The EUR / USD is falling at the beginning of a week fraught with decisions from central banks including the Federal Reserve. The pair fell to 1.1259, reaching the lowest since last Tuesday. It is trading around 1.1265 / 70, with a negative intraday tone.

The Expectation for the week is set on what the central banks will decide. The most important will be the Federal Reserve on Wednesday, where the focus will not only be on the buy program and the possibility of an acceleration in the pace of the cut, but on the prospects for the interest rate going forward.

The market has been changing its look and now sees the possibility of a greater adjustment sooner than previously anticipated, which made the dollar rise and continues to support it. Regarding the European Central Bank, it is estimated that certain decisions could be postponed but not many changes are in sight.

In this context, the dollar starts the week with rises throughout the market, but still moving within recent ranges. In the case of the EUR / USD since the end of November, which has been moving sideways, around 1.1290 / 1.1310. This bias is expected to be put to the test in the next sessions.

Technical levels