- Fed leaves rates unchanged, eyes turn to Powell’s press conference.
- EUR / USD falls to 1.1770 as the US dollar rises across the board.
The EUR/USD it fell from 1.1810 to 1.1771 following the release of the FOMC statement. The US dollar was up across the board after the meeting. Now the focus is on the press conference.
Fed Boosts US Dollar Before Powell
The Federal Reserve left interest rates and the QE program unchanged. He announced the establishment of a national permanent reporting facility (SRF) and a reporting facility for foreign and international monetary authorities (FIMA reporting facility).
So far, market participants see the meeting as leaning toward the warmongering side. US performance rose modestly and share prices were stable. The United States gained momentum and rose across the board at a modest pace.
The EUR / USD pair fell to a low of 1.1770. Below that level, attention will turn to the recent lows around 1.1750. On the upside, a bounce could face immediate resistance at 1.1815 and then hit the weekly high at 1.1840.
Technical levels
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