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.”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EM's, China and Greece risks and Fed hike - DB

  2. Forex News

    FOMC getting closer on small detail - SG

  3. Forex News

    Bottom line: September rate hike on track - BBVA

  4. Forex News

    EUR/USD breaks below 1.0900

  5. Forex News

    Dollar Forecast Improves, Indicator Shows it May Rally Across the Board

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!