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Sep 21 - 08:55 PM

EUR/USD - Opens Unchanged As Market Waits For Fed Decision

By John Noonan  —  Sep 21 - 07:16 PM
  • EUR/USD opens at 1.1725/30 for third consecutive day

  • It traded to 1.1748 in Europe before equity market gains evaporated

  • EUR/USD neutral as market bought JPY and CHF and sold risk currencies

  • EUR/USD buyers tipped at 1.1700 while sellers camp ahead of 1.1750

  • Range trading expected ahead of Fed decision late Wednesday

  • FOMC could create some volatility on mixed messaging

  • EUR/USD support is at the 2021 low at 1.1664

  • Resistance is at the 10-day mA at 1.1773 and break eases pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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