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17 Sep 2015
EUR/USD stuck near 1.1320 ahead of FOMC
FXStreet (Edinburgh) - Not much happening in the markets at the moment, with EUR/USD extending its dullness within today’s range around 1.1320.
EUR/USD firmer ahead of the FOMC gathering
The pair keeps recovering from Wednesday’s troughs near 1.1210, advancing for the second consecutive session while propped up by the renewed selling interest surrounding the US dollar.
In addition, EUR could see its upside momentum accelerated in case the Fed refrains from hiking rates today, although market consensus expects the Committee to use a hawkish tone, putting the current upside bias to the test.
EUR/USD key levels
The pair is up 0.20% at 1.1314 facing the next hurdle at 1.1339 (high Sep.17) ahead of 1.1374 (high Sep.14) and then 1.1523 (high Aug.26). On the other hand, a breakdown of 1.1285 (low Sep.17) would target 1.1214 (low Sep.16) en route to 1.1171 (low Sep.10).
EUR/USD firmer ahead of the FOMC gathering
The pair keeps recovering from Wednesday’s troughs near 1.1210, advancing for the second consecutive session while propped up by the renewed selling interest surrounding the US dollar.
In addition, EUR could see its upside momentum accelerated in case the Fed refrains from hiking rates today, although market consensus expects the Committee to use a hawkish tone, putting the current upside bias to the test.
EUR/USD key levels
The pair is up 0.20% at 1.1314 facing the next hurdle at 1.1339 (high Sep.17) ahead of 1.1374 (high Sep.14) and then 1.1523 (high Aug.26). On the other hand, a breakdown of 1.1285 (low Sep.17) would target 1.1214 (low Sep.16) en route to 1.1171 (low Sep.10).