EURUSD → FED & FOMC Expectations. Will the situation change?

EURUSD is forming consolidation in the phase of waiting for news related to inflation and US monetary policy. Based on the expected news and past data, there are a few nuances.

The DXY is leading an interesting life on 4H tf. The index is gaining a bullish stance, we can tell by the long shadows and the price pushing towards a strong resistance area that may be broken. PPI is ahead (analysts expect positive data for $), Friday's NFP is also positive (this leverage is still in place) for DXY. And also ahead of Fed IRD - it's too early to talk about a rate cut, inflation is falling, but there is not enough potential to change Powell's views yet.
Technically, on the background of the news, I expect a retest of the mentioned resistance area of EURUSD (1.083 - 1.081) with a subsequent fall, as the dollar is supported by strong fundamentals and expectations, in which case the forex will continue its downward correction.

Support levels: 1.0756
Resistance levels: 1.083-1.081, 1.0800

The SMAs are showing the beginning of a change in sentiment as the fundamental backdrop is weakening for the euro. Based on the expected news, the dollar could rise, which would weaken the currency pair. But again, the main nuance of news is its unpredictability!

Regards R. Linda!

Comment:

The first news for today came out worse than expected, but fundamentally better than in the last period
The dollar is growing, the euro is weakening slightly

FED & FOMC ahead