Filed Under:
Forex pairs in this Article » EUR/USD (London) - The EUR/USD is relatively flat with a slight bias to the downside post the Beige Book that came with a positive tone.

EUR/USD is consolidating sub the 1.36 handle while the Fed said, wages and price pressures are contained, most districts reported increases in home sales, commercial real estate reports contain much good news, retail sales up in most districts, hiring up in 2/3rds of districts, growth up in most districts and to expect pick up in growth. Markets would expect the FOMC to taper an additional $10b later this month and across the wires as well, Fed member Evans suggested that if data s strong, there could be a pick up on the taper as soon as March.

EUR/USD Levels

The 20 DMA is 1.3676, the 50 DMA is 1.3612 and the 200 DMA is 1.3338. RSI (14) reads 45.78. Supports are ascending from 1.3543, 1.3560, Spot is 1.3596 while resistances are 1.3601, 1.3620, 1.3721, 1.3743, 1.3762 and 1.3785.
comments powered by Disqus