Forex: EUR/USD remains around 1.3571, Fed unchanged
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency keeps today's buoyancy intact after the FOMC statement did not leave any room for surprises, as widely expected.
The FOMC statement highlighted the fact that rates would be at extremely low levels as long as the jobless rate continues to be above 6.5% and the inflation figures below 2.5%. The statement also informed that MBS and Treasuries purchases would keep the previous pace at $85 billion per month. In addition, inflation expectations remain stable while the housing sector would be gathering traction.
As of writing, EURUSD is advancing 0.59% at 1.3572 with the next resistance at 1.3581 (Upper Bollinger) ahead of 1.3615 (high Nov.18 2011) and then 1.3641 (high Nov.15).
On the downside, a breach of 1.3498 (high Jan.29) would aim for 1.3415 (low Jan.29) and then 1.3392 (MA10d).
The FOMC statement highlighted the fact that rates would be at extremely low levels as long as the jobless rate continues to be above 6.5% and the inflation figures below 2.5%. The statement also informed that MBS and Treasuries purchases would keep the previous pace at $85 billion per month. In addition, inflation expectations remain stable while the housing sector would be gathering traction.
As of writing, EURUSD is advancing 0.59% at 1.3572 with the next resistance at 1.3581 (Upper Bollinger) ahead of 1.3615 (high Nov.18 2011) and then 1.3641 (high Nov.15).
On the downside, a breach of 1.3498 (high Jan.29) would aim for 1.3415 (low Jan.29) and then 1.3392 (MA10d).
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