EURUSD InsightEuro/US DollarFX:EURUSDshawntime_academyWelcome, subscribers. Please share your personal opinions in the comments. Don’t forget to boost and subscribe. Key Points - Following the FOMC meeting, the U.S. Dollar Index strengthened amid assessments that expectations for the Fed’s rate cuts had been excessive. - U.S. President Donald Trump and Chinese President Xi Jinping described their recent call as “constructive,” and confirmed they will meet at the APEC summit in South Korea at the end of next month. - According to the UK’s Office for National Statistics, public sector borrowing from April to August 2025—the first five months of the 2025–2026 fiscal year—totaled £83.8 billion, exceeding forecasts. This marked the largest borrowing since the pandemic in 2020, heightening concerns about the deterioration of the UK government’s finances. Key Economic Events This Week + Sept 23: U.S. Manufacturing PMI (Sept), U.S. Services PMI (Sept), Fed Chair Powell’s speech + Sept 25: U.S. GDP (Q2) + Sept 26: U.S. PCE Price Index (Aug) EURUSD Chart Analysis The pair has been on a steady decline from the 1.19000 level, now hovering around the 1.17000 level. If the trendline support at 1.17000 holds, a rebound toward 1.20000 can be expected. However, if this support breaks, the pair could see further downside toward the 1.15000 level.