31 Jul 2013
EUR/USD spikes to 1.3340 on FOMC
FXstreet.com (Edinburgh) -The FOMC meeting gave no clues regarding the likeliness of tapering, let alone its timing, lifting the EUR/USD to fresh highs in the boundaries of 1.3340.
EUR/USD needs a close above 1.3300
In order to keep the recent rally alive, EUR traders would push for a daily close above 1.3300 the figure. The FOMC said the economic growth will gather pace from recent levels and it also flagged the risks of consumer prices persistently below the 2.0% threshold. The Committee also argued that downside risks have somehow scaled back recently.
EUR/USD key levels
The pair is now up 0.16% at 1.3284 and a surpass of 1.3302 (high Jul.20/30) would open the door to 1.3325 (low. Jun.18) and then 1.3417 (high Jun.19). On the flip side, support levels line up at 1.3234 (low Jul.30) ahead of 1.3208 (high Jul.11) and then 1.3200 (psychological level).
EUR/USD needs a close above 1.3300
In order to keep the recent rally alive, EUR traders would push for a daily close above 1.3300 the figure. The FOMC said the economic growth will gather pace from recent levels and it also flagged the risks of consumer prices persistently below the 2.0% threshold. The Committee also argued that downside risks have somehow scaled back recently.
EUR/USD key levels
The pair is now up 0.16% at 1.3284 and a surpass of 1.3302 (high Jul.20/30) would open the door to 1.3325 (low. Jun.18) and then 1.3417 (high Jun.19). On the flip side, support levels line up at 1.3234 (low Jul.30) ahead of 1.3208 (high Jul.11) and then 1.3200 (psychological level).