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

    EUR/USD to weaken further, EUR/GBP sub-0.70 – Westpac

  2. Forex News

    EUR/USD flat near 1.1080, NFP eyed

  3. Forex News

    Trade Setups in USD-pairs Around June US NFPs

  4. Forex News

    EUR/USD steadies around 1.1075

  5. Forex News

    EUR/USD: below 1.0819 will expose further downside – KBC

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!