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Thomson Reuters
Jan 30 - 12:12 AM
EUR/USD - Idles In Asia Ahead Of FOMC
First appeared on eFXplus on Jan 29 - 10:45 PM
  • EUR/USD traded in a 1.1426/42 range in Asia and is 1.1433 into the afternoon
  • Market happy to stay side-lined ahead Fed decision later today
  • Fed won't change rates, but market is looking for some dovish tweaks
  • Key will be Powell's presser and whether he signals the Fed may limit QT
  • Indication Fed will slow down reducing asset holdings will weigh on USD
  • Support at the 55-day MA at 1.1390 and break would ease upward pressure
  • Resistance at the 100-day MA (1.1445) and 61.8 of 1.1557/1.1295 at 1.1457
  • A break above 1.1460 targets the key 200-day MA at 1.1565

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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