18 Sep 2013
EUR/USD breaks to fresh highs as jitters grow
FXstreet.com (Córdoba) - The EUR/USD broke to fresh daily highs as the greenback faces renewed pressure heading into the FOMC release.
EUR/USD choppy ahead of FOMC
After months of speculations finally the Fed will unveil whether it is ready to begin tapering its bond-buying program at today’s meeting and hopefully will provide further forward guidance on the monetary policy.
Minutes ahead of the Fed statement, EUR/USD rallied to a fresh daily high of 1.3382 stalling just a few pips shy of its weekly high scored Monday. At time of writing, EUR/USD is trading at the 1.3375 zone, up 0.1% on the day. Jitters and squaring positions may keep it bumpy until the Fed press conference.
EUR/USD eyes 1.3400
If EUR/USD breaks decisively above 1.3385, it could rally toward the 1.3400 level and then to 1.3450 (Aug 20 high), while on the other hand, supports are now seen at 1.3330 (100-hour SMA) and 1.3300 (psychological level).
EUR/USD choppy ahead of FOMC
After months of speculations finally the Fed will unveil whether it is ready to begin tapering its bond-buying program at today’s meeting and hopefully will provide further forward guidance on the monetary policy.
Minutes ahead of the Fed statement, EUR/USD rallied to a fresh daily high of 1.3382 stalling just a few pips shy of its weekly high scored Monday. At time of writing, EUR/USD is trading at the 1.3375 zone, up 0.1% on the day. Jitters and squaring positions may keep it bumpy until the Fed press conference.
EUR/USD eyes 1.3400
If EUR/USD breaks decisively above 1.3385, it could rally toward the 1.3400 level and then to 1.3450 (Aug 20 high), while on the other hand, supports are now seen at 1.3330 (100-hour SMA) and 1.3300 (psychological level).