Currency Analyst since 2010

EUR/USD fell ahead of FOMC

EUR/USD is approaching $1.3600. The single currency’s declining ahead of the FOMC meeting later today (19:00 GMT). Support lies in the $1.3550 area, while resistance is at $1.3700.

The expectations of stronger USD as the Fed is expected to announce additional tapering and the prospects of more dovish ECB create pressure on the pair.

Chart. H4 EUR/USD


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