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Forex pairs in this Article » EUR/USD (Chicago) - EUR/USD swung wildly reaching the 1.38 zone momentarily and stabilizes ahead of the closing of the American trading session after the Fed’s results.

With interest rates unchanged and changed monetary policy to end the last meeting of the year for the Fed, market participants’ reaction was ephemeral.

EUR/USD Technical Levels

Price action reveals the pair goes back to previous boundaries after a wild swing on recent release by the Fed. Having fallen to 1.3703 and reached 1.3812 momentarily, the pair goes back to flat gains for the day. Offered at 1.3759, it oscillates between the supports aligned at 1.37 (December 13th lows), 1.3656 (October 21st lows) ahead of 1.3577 (November 20th highs) and the resistances set at 1.3796 (December 10th highs), 1.3834 (October 26th highs) followed by 1.3914 (October 16th 2011 highs).
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