8 Jul 2015
EUR/USD steady on FOMC
FXStreet (Edinburgh) - The common currency remained apathetic following the FOMC minutes today, with EUR/USD keeping the range around the mid-1.1000s.
EUR/USD unmotivated on minutes
The pair posted little-to-none reaction after the Committee informed that many members expect the slack in the labour market to be eradicated by end of 2015, while others saw no slack remaining in the sector. In addition, most members remained concerned about the Greek situation, while almost all members preferred to see more evidence on consumer prices.
All in all, quite a ‘divided’ FOMC minutes, leaving spot practically unchanged in the 1.1050/60 band so far, more concerned over the ongoing Greek situation.
EUR/USD levels to consider
The pair is now advancing 0.50% at 1.1067 and a breakout of 1.1074 (high Jul.8) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24). On the downside, the immediate support aligns at 1.0974 (low Jul.8) followed by 1.0916 (low Jul.7) and then 1.0900 (psychological level).
EUR/USD unmotivated on minutes
The pair posted little-to-none reaction after the Committee informed that many members expect the slack in the labour market to be eradicated by end of 2015, while others saw no slack remaining in the sector. In addition, most members remained concerned about the Greek situation, while almost all members preferred to see more evidence on consumer prices.
All in all, quite a ‘divided’ FOMC minutes, leaving spot practically unchanged in the 1.1050/60 band so far, more concerned over the ongoing Greek situation.
EUR/USD levels to consider
The pair is now advancing 0.50% at 1.1067 and a breakout of 1.1074 (high Jul.8) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24). On the downside, the immediate support aligns at 1.0974 (low Jul.8) followed by 1.0916 (low Jul.7) and then 1.0900 (psychological level).