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Jun 15 - 11:55 PM

EUR/USD - Settles Around 1.2120 As Market On Hold Ahead Of Fed

By John Noonan  —  Jun 15 - 11:14 PM
  • EUR/USD opened at 1.2126 and traded in a 1.2117/30 range in quiet trading

  • Heading into the afternoon is was steady around 1.2120 with light volumes

  • Resistance is at 10-day MA @ 1.2249 with option related sellers at 1.2160

  • Support is at the 55-day MA at 1.2080 with bids eyed at 1.2090/95

  • Market side-lined ahead of FOMC decision later today

  • Key will be Treasury market reaction to statement and Powell presser

  • Market may have priced in risk of more hawkish Fed so risk is both ways

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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