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18 Mar 2015
EUR/USD in a narrow range near 1.0600
FXStreet (Edinburgh) - The single currency is navigating a tight range pre-FOMC on Wednesday, with EUR/USD gyrating around the 1.0600 handle so far.
EUR/USD attention to data, FOMC
The pair has been trading in the comfort zone around 1.0600 since Monday, bolstered by a softer tone from the greenback, which saw its recent upside momentum running out of steam.
Ahead in the session, second-tier releases in the euro bloc are due: Construction Output and Trade Balance, preceding the critical FOMC meeting.
EUR/USD key levels
As of writing the pair is down 0.04% at 1.0593 with the next support at 1.0551 (low Mar.17) followed by 1.0457 (2015 low Mar.16) and finally 1.0400 (psychological level). On the upside, a breakout of 1.0651 (high Mar.17) would open the door to 1.0684 (high Mar.12) and then 1.0718 (high Mar.11).
EUR/USD attention to data, FOMC
The pair has been trading in the comfort zone around 1.0600 since Monday, bolstered by a softer tone from the greenback, which saw its recent upside momentum running out of steam.
Ahead in the session, second-tier releases in the euro bloc are due: Construction Output and Trade Balance, preceding the critical FOMC meeting.
EUR/USD key levels
As of writing the pair is down 0.04% at 1.0593 with the next support at 1.0551 (low Mar.17) followed by 1.0457 (2015 low Mar.16) and finally 1.0400 (psychological level). On the upside, a breakout of 1.0651 (high Mar.17) would open the door to 1.0684 (high Mar.12) and then 1.0718 (high Mar.11).