Ella 
During the Asian session on Tuesday, the EUR/USD fluctuated lower around 1.0680, ending its two-day winning streak. The pair is facing downward pressure due to market caution ahead of the Fed rate decision.
Eurozone Harmonized Index of Consumer Prices (HICP) and core HICP data are likely to be released later in the day. Investors will be watching these data for further impetus on the economic situation in the euro zone.
Near-term support for EUR/USD lies around the psychological 1.0650 level, followed by the previous week’s low of 1.0631.
If bearish sentiment pressures, the pair is likely to approach the next support level near the psychological 1.0600 level.
On the upside, EUR/USD may face obstacles near the psychological 1.0700 mark, which lines up with the nine-day exponential moving average (EMA) at 1.0705.
A strong break above the latter could see bulls exploring the area around the 14-day EMA at 1.0730, closely followed by the 23.6% Fibonacci retracement level at 1.0783.
The MACD line is still below the midline, but is converging below the signal line. This pattern signals a potential reversal in momentum, suggesting that the recent downtrend may be losing strength.
However, traders of the EUR/USD pair may look to the 14-day Relative Strength Index (RSI), which is trading below the 50 level, indicating bearish momentum in the near term.
