28 Jan 2015
EUR/USD keeps the range post-FOMC
FXStreet (Edinburgh) - Despite the increased volatility in the wake of the FOMC statement, EUR/USD remains in the mid-1.1300s.
EUR/USD unchanged after Fed
The pair manages to keep the trade between 1.1300 the figure and 1.1370 so far, after the FOMC statement matched market expectations. The Fed left unchanged the rates at 0.25% and it repeated it can be ‘patient’ when comes to hike rates. The Committee stressed that consumer prices could drop further in the short term although they will gradually head towards the 2% target in the longer run.
EUR/USD levels to watch
As of writing the pair is down 0.12% at 1.1365 with the next support at 1.1300 (psychological level) followed by 1.1224 (low Jan.27) and then 1.1098 (11-year low Jan.26). On the upside, a break above 1.1384 (high Jan.28) would aim for 1.1423 (high Jan.27) and finally 1.1435 (200-h MA).
EUR/USD unchanged after Fed
The pair manages to keep the trade between 1.1300 the figure and 1.1370 so far, after the FOMC statement matched market expectations. The Fed left unchanged the rates at 0.25% and it repeated it can be ‘patient’ when comes to hike rates. The Committee stressed that consumer prices could drop further in the short term although they will gradually head towards the 2% target in the longer run.
EUR/USD levels to watch
As of writing the pair is down 0.12% at 1.1365 with the next support at 1.1300 (psychological level) followed by 1.1224 (low Jan.27) and then 1.1098 (11-year low Jan.26). On the upside, a break above 1.1384 (high Jan.28) would aim for 1.1423 (high Jan.27) and finally 1.1435 (200-h MA).