20 Nov 2013
EUR/USD mostly mute on FOMC
FXstreet.com (Edinburgh) - The single currency is keeping the composure after the release of the FOMC minutes, with the EUR/USD hovering over lows near 1.3430.
EUR/USD indifferent on minutes
The FOMC saw the economy expanding at a moderate pace and saw improvement in the labour market as well. It also expressed the possibility that QE tapering could start in the upcoming months on better data. In addition, the Committee saw a minor impact from the Government shutdown, although the economic growth would be restrained by fiscal policy.
EUR/USD levels to watch
The pair is now losing 0.82% at 1.3426 with the immediate support at 1.3418 (low Nov.14) ahead of 1.3390 (low Nov.13). On the upside, a breakout of 1.3561 (MA21) would aim for 1.3584 (high Nov.20) and then 1.3589 (high Nov.1).
EUR/USD indifferent on minutes
The FOMC saw the economy expanding at a moderate pace and saw improvement in the labour market as well. It also expressed the possibility that QE tapering could start in the upcoming months on better data. In addition, the Committee saw a minor impact from the Government shutdown, although the economic growth would be restrained by fiscal policy.
EUR/USD levels to watch
The pair is now losing 0.82% at 1.3426 with the immediate support at 1.3418 (low Nov.14) ahead of 1.3390 (low Nov.13). On the upside, a breakout of 1.3561 (MA21) would aim for 1.3584 (high Nov.20) and then 1.3589 (high Nov.1).