8 Apr 2015
EUR/USD softer on FOMC
FXStreet (Edinburgh) - The single currency remains in the negative territory so far, with EUR/USD around session lows near 1.0780.
EUR/USD weaker on FOMC minutes
The pair is seeing its decline renewed following the release of the FOMC minutes of the March 17-18 meeting. According to the minutes, Fed members were divided regarding a rate hike in June, although they expect a gradual pace of tightening. The Committee revised lower its GDP forecasts following the strong levels of the greenback, however risks on the outlook and the labour market remain balanced.
EUR/USD key levels
The pair is now losing 0.43% at 1.0767 and a breakdown of 1.0750 (low Apr.2) would expose 1.0700 (psychological level). On the flip side, the initial hurdle lines up at 1.0909 (100-h MA) ahead of 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6).
EUR/USD weaker on FOMC minutes
The pair is seeing its decline renewed following the release of the FOMC minutes of the March 17-18 meeting. According to the minutes, Fed members were divided regarding a rate hike in June, although they expect a gradual pace of tightening. The Committee revised lower its GDP forecasts following the strong levels of the greenback, however risks on the outlook and the labour market remain balanced.
EUR/USD key levels
The pair is now losing 0.43% at 1.0767 and a breakdown of 1.0750 (low Apr.2) would expose 1.0700 (psychological level). On the flip side, the initial hurdle lines up at 1.0909 (100-h MA) ahead of 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6).