The EUR/USD has recovered 45 pips after the statements of Jerome Powell, president of the Federal Reserve of the United States. The pair has risen above 1.1600, hitting new three-day highs at 1.1616.
The Fed has left interest rates unchanged, as expected, in the range 0-0.25%, and has announced the reduction of the asset purchase program by 15,000 million dollars per month as of this same month of November, although the trimming pace will be flexible.
Jerome Powell, president of the entity, said in the subsequent statement that it should not surprise the markets if there are changes in the pace of adjustment, recognizing that they see high inflation persist and that they must be ready to manage this risk.
EUR / USD Levels
With the pair trading at time of writing above 1.1604, gaining 0.20% daily, the next resistance appears at 1.1690/1.1700, where is the ceiling of October 28 and a psychological zone. Higher wait 1.1755, September 22 maximum.
On the downside, the initial support is at 1.1562, the daily bottom, followed by 1.1546, the low of November 1, and 1.1535, the lowest level of October 29.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
