- Market with no clear direction, with expectations placed on the Federal Reserve.
- EUR / USD hit lows for the day at 1.2109 and then rebounded.
The EUR / USD fell to 1.2109, marking a new low for the day after the start of the American session and then quickly rebounded towards 1.2130. The pair moves without a clear direction, in anticipation of what will be the decision of the Federal Reserve.
The markets are without a clear direction, with erratic routes, while the expectation grows for what will be known at 18:00 GMT: the statement of the Federal Reserve. No changes are expected in interest rates, or in the purchase program. The key will be to see what the central bank says about the rise in inflation and future guidelines on the purchase program.
The 10-year rate of the Treasury bond is at 1.48%, falling slightly. What happens to the Fed could generate important changes here, and therefore, in the dollar in general. In addition to the statement, new projections from the FOMC members will be known and Powell will give a press conference.
From a technical point of view, EUR / USD still shows some downward pressure, but with strong support at 1.2090 / 1.2100. On the upside, the first key resistance is at 1.2150 and then 1.2200 will follow. A daily close on the latter would point to more rises.
Technical levels
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