18 Jun 2015
EUR/USD break above 1.1387 to pave way for 1.1467 – AceTrader
FXStreet (Barcelona) - The AceTrader Team shares the outlook for EUR/USD post the FOMC Meeting, noting that a re-test of 1.1387 is possible, above which a move towards 1.1467 might be seen.
Key Quotes
“Despite euro's brief sell off to 1.1206 following the release of Fed's unchanged rate decision, renewed broad-based weakness in the greenback lifted price from there.”
“Euro later rallied to 1.1358 due to dovish remarks from Fed's Chair Yellen, suggesting a re-test of last Wednesday's 3-week peak at 1.1387 would be seen and break would yield resumption of up move from May's bottom at 1.0819 towards the key resistance at 1.1467 (May's 3-month peak) later.”
“On the downside, only a daily close below 1.1300 would indicate further choppy trading inside 1.1387-1.1151 broad range would continue and may yield another fall towards 1.1204-06.”
Key Quotes
“Despite euro's brief sell off to 1.1206 following the release of Fed's unchanged rate decision, renewed broad-based weakness in the greenback lifted price from there.”
“Euro later rallied to 1.1358 due to dovish remarks from Fed's Chair Yellen, suggesting a re-test of last Wednesday's 3-week peak at 1.1387 would be seen and break would yield resumption of up move from May's bottom at 1.0819 towards the key resistance at 1.1467 (May's 3-month peak) later.”
“On the downside, only a daily close below 1.1300 would indicate further choppy trading inside 1.1387-1.1151 broad range would continue and may yield another fall towards 1.1204-06.”