30 Jan 2014
EUR/USD glued near 1.3650
FXstreet.com (Edinburgh) - The shared currency is trading in a narrow range against the greenback on Thursday, taking the EUR/USD to the mid 1.36s so far.
EUR/USD unchanged after FOMC
The pair remained mostly apathetic after the FOMC decided to taper the ongoing QE programme by $10 billion yesterday, keeping the recent resiliency alive around 1.3650. In the wake of the announcements, analysts at BBH commented, “Its assessment of the labor market was softened. It said the recent data was "mixed" but on balance showing further improvement. It continued to note the low inflation, but stuck to its medium term view that it will return to 2%”. Ahead in the day, EMU’s Consumer Confidence/Business Climate and German inflation figures will be in the limelight.
EUR/USD key levels
The pair is now losing 0.01% at 1.3654 facing the immediate support at 1.3602 (low Jan.29) ahead of 1.3594 (100-d MA) and then 1.3564 (daily cloud base). On the upside, the initial barrier lies at 1.3689 (high Jan.28) followed by 1.3716 (high Jan.27) ahead of 1.3740 (high Jan.24).
EUR/USD unchanged after FOMC
The pair remained mostly apathetic after the FOMC decided to taper the ongoing QE programme by $10 billion yesterday, keeping the recent resiliency alive around 1.3650. In the wake of the announcements, analysts at BBH commented, “Its assessment of the labor market was softened. It said the recent data was "mixed" but on balance showing further improvement. It continued to note the low inflation, but stuck to its medium term view that it will return to 2%”. Ahead in the day, EMU’s Consumer Confidence/Business Climate and German inflation figures will be in the limelight.
EUR/USD key levels
The pair is now losing 0.01% at 1.3654 facing the immediate support at 1.3602 (low Jan.29) ahead of 1.3594 (100-d MA) and then 1.3564 (daily cloud base). On the upside, the initial barrier lies at 1.3689 (high Jan.28) followed by 1.3716 (high Jan.27) ahead of 1.3740 (high Jan.24).