30 Oct 2013
EUR/USD standstill ahead of FOMC
FXstreet.com (Córdoba) - The EUR/USD continues to consolidate during American hours as the latest string of US data failed to offer inspiration to the pair and investors await the Fed's monetary policy statement.
The EUR/USD has spent most of the New York session within the 1.3740/1.3780 range, unable to stage a decisive move neither side of the board. At time of writing, EUR/USD is trading at the 1.3765 zone, still up 0.2% on the day, having scored a high of 1.3777.
EUR/USD technical levels
The EUR/USD will likely remain virtually standstill until the FOMC statement, with immediate resistances lining up at 1.3777 (daily high) and 1.3815 (Oct 28 high) and 1.3832 (2-year high Oct 25). On the flip side, supports are seen at 1.3730 (daily low) and 1.3700 (psychological level).
The EUR/USD has spent most of the New York session within the 1.3740/1.3780 range, unable to stage a decisive move neither side of the board. At time of writing, EUR/USD is trading at the 1.3765 zone, still up 0.2% on the day, having scored a high of 1.3777.
EUR/USD technical levels
The EUR/USD will likely remain virtually standstill until the FOMC statement, with immediate resistances lining up at 1.3777 (daily high) and 1.3815 (Oct 28 high) and 1.3832 (2-year high Oct 25). On the flip side, supports are seen at 1.3730 (daily low) and 1.3700 (psychological level).