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17 Dec 2013
EUR/USD rides the 1.3760 front
FXstreet.com (Chicago) - EUR/USD continues trendless ahead of the FOMC and Fed’s decision after a rather quite Wednesday journey for the American trading session.
Housing data along with the release of the FOMC economic projections and Fed’s interest rate decision will be made public tomorrow around 7PM GMT.
EUR/USD Technical Levels
Price action reveals the pair holds on to the parallel movement that started a week ago despite the printing of higher highs and lows at the closing of Wall Street. Losing value at the end of the session, the Dow closed 0.06% down, the Nasdaq retraced 0.14% and the S&P 500 lost 0.31%. Offered at 1.3765, the pair navigates between the supports aligned at 1.37 (December 13th lows), 1.3656 (October 21st lows) ahead of 1.3577 (November 20th highs) and the resistances set at 1.3796 (December 10th highs), 1.3834 (October 26th highs) followed by 1.3914 (October 16th 2011 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is reported as slightly bearish and flows above the EMA20.
Housing data along with the release of the FOMC economic projections and Fed’s interest rate decision will be made public tomorrow around 7PM GMT.
EUR/USD Technical Levels
Price action reveals the pair holds on to the parallel movement that started a week ago despite the printing of higher highs and lows at the closing of Wall Street. Losing value at the end of the session, the Dow closed 0.06% down, the Nasdaq retraced 0.14% and the S&P 500 lost 0.31%. Offered at 1.3765, the pair navigates between the supports aligned at 1.37 (December 13th lows), 1.3656 (October 21st lows) ahead of 1.3577 (November 20th highs) and the resistances set at 1.3796 (December 10th highs), 1.3834 (October 26th highs) followed by 1.3914 (October 16th 2011 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is reported as slightly bearish and flows above the EMA20.