USD pullback seen after Fed decision

By FXstreet.com | Updated July 31, 2014 AAA

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov observes that the greenback had been advancing against all other currencies in recent days, but that the Fed’s decision on Wednesday to carry on with the QE reductions will result in an imminent pullback.

Key quotes

“I expect the EUR to try to recover back to 1.3450-65 today or tomorrow.”



“Another dollar push below 1.3375 may take the pair down to 1.3330.”



“There we have a strong support area which is not going to be broken soon, so you may enter LONG close to 1.3330.”



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