- The dollar registers mixed results prior to the FOMC decision.
- Since Monday, the EUR / USD is moving sideways, between 1.1715 and 1.1750.
The EUR / UD is rising modestly on Wednesday, moving in a small range around 1.1730. The price reached a maximum for the day in European hours at 1.1737 and then fell back to find support at the 1.1725 area. Since the American session on Monday, the pair is moving sideways, possibly awaiting the Fed meeting.
The dollar It is shown with mixed results and a certain caution is perceived in the financial markets. The news that Evergrande will pay on Thursday and the possible intervention of the Chinese government, alleviated fears and favored stability, which played against the dollar. On the other hand, Treasury bond yields have rebounded slightly, helping the greenback.
On the technical side, the EUR / USD faces a strong barrier around 1.1750 and above the next resistance can be seen at 1.1780 and 1.1805. On the downside, 1.1715 now protects the key support at 1.1700, which if given up would expose the August low at 1.1662.
Focus on the Fed
The economic calendar shows the August US existing home sales report ahead, following the better-than-expected data from the real estate sector on Tuesday. In any case, the event of the day will be the decision of the Federal Reserve, at 18:00 GMT.
The US central bank will keep interest rates unchanged. The focus is on the new projections of the FOMC members and what the Fed says about the future of the purchasing program. The event is expected to generate great volatility throughout the financial markets.
Technical levels
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