The EUR/USD pair declined by 30 basis points on Wednesday, but the most important developments are still ahead.

Bullish traders have lost the initiative in the market.

Has the bullish trend been broken? Or not?

Full clarity on Bitcoin, Ethereum, Solana, and XRP

USD/JPY: Tips for Beginner Traders on March 18th (U.S. Session)

GBP/USD: Tips for Beginner Traders on March 18th (U.S. Session)

EUR/USD: Tips for Beginner Traders on March 18th (U.S. Session)

Gold remains within a multi-day range as traders eagerly await the important FOMC decision. Inflation concerns are limiting bets on Federal Reserve rate cuts, supporting the US dollar and capping gains in commodity prices. At the same time, heightened geopolitical uncertainty continues to provide support for this precious metal, which is considered a safe-haven asset.

Bearish traders are losing their former glory.

Traders prefer to take a wait-and-see approach ahead of key updates from the Fed and the ECB. The technical situation calls for caution before placing aggressive bullish bets.