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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The FOMC decision made on Wednesday left investors uncertain in regard to what will come: "Back-month Eurodollar contracts have been under very slight selling pressure since the Fed announcement on worries that the Fed's decision implies an earlier potential boost to rates", wrote TD Securities analysts, more biased in favor of risk. "But, in our opinion, the economic benchmarks (which Chairman Bernanke made clear are not "triggers") make it just as easy for the Fed to ease more (if economic trends weaken)", they wrote.

The EURUSD is technically firm despite the relative fundamental weakness of the Eurozone: "The single currency made a marginal new local high overnight that tested the neckline of the head & shoulders continuation pattern on the daily chart (near 1.3120). From a longer term perspective EURUSD is also currently trading above the neckline of a head & shoulders formed on the weekly chart since late last year", wrote analysts Shaun Osborne and Greg Moore, pointing to 1.3053 as the H&S area, concluding that a close above there would be constructive for the weeks/months ahead.
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