In the lead-up to the FOMC meeting, there are some key price action setups to watch in the US dollar market. The USD/JPY and EUR/USD pairs are particularly important to keep an eye on.
The USD/JPY pair is showing signs of potential strength as it continues to trade near key support levels. Traders will be looking for a break above resistance to confirm a bullish trend.
On the other hand, the EUR/USD pair is facing resistance as it struggles to break above key levels. A break below support could signal a bearish trend for the pair.
Overall, it is important to monitor these price action setups closely as they could provide valuable insights into the direction of the US dollar in the coming days.