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17 Sep 2013
EUR/USD treading water around 1.3350
FXstreet.com (Edinburgh) -The lull before tomorrow’s FOMC meeting seems to be taking over the sentiment on Tuesday, as the EUR/USD remains parked around 1.3350 with no relevant releases ahead.
EUR/USD all eyes on the FOMC
The shared currency continues to advance against the greenback on Tuesday, with the EUR/USD meandering around a narrow range as volatility remains scarce. According to Brian Daingerfield, FX Strategist at RBS, “We see the risks to the FOMC meeting as favouring a dovish result, particularly stemming from the FOMC forecasts and the comments by the Chairman in his press conference. The release timings could lead to the most hawkish data points being released immediately with the dovish leans coming later in the session”.
EUR/USD key levels
At the moment the pair is advancing 0.16% at 1.3355 facing the next hurdle at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and then 1.3427 (high Aug.21). On the flip side, a breakdown of 1.3326 (low Sep.17) would target 1.3298 (low Sep.16) en route to 1.3262 (MA10d).
EUR/USD all eyes on the FOMC
The shared currency continues to advance against the greenback on Tuesday, with the EUR/USD meandering around a narrow range as volatility remains scarce. According to Brian Daingerfield, FX Strategist at RBS, “We see the risks to the FOMC meeting as favouring a dovish result, particularly stemming from the FOMC forecasts and the comments by the Chairman in his press conference. The release timings could lead to the most hawkish data points being released immediately with the dovish leans coming later in the session”.
EUR/USD key levels
At the moment the pair is advancing 0.16% at 1.3355 facing the next hurdle at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and then 1.3427 (high Aug.21). On the flip side, a breakdown of 1.3326 (low Sep.17) would target 1.3298 (low Sep.16) en route to 1.3262 (MA10d).