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Mar 16 - 11:55 PM

EUR/USD - Steady Around 1.1900 Ahead Of FOMC

By John Noonan  —  Mar 16 - 11:09 PM
  • EUR/USD opened 0.23% lower at 1.1902 and traded 1.1893/1.1906

  • Heading into the afternoon it was unchanged at 1.1900/05

  • Market is on hold ahead of FOMC decision later today

  • Key will be bond market reaction to Fed statement, dot-plots and Powell

  • If US yields move higher - EUR/USD will likely head to 200-day MA at 1.1843

  • If US yields steady to lwoer - EUR/USD likely tests 38.2 fibo at 1.1991

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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