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19 Jun 2013
EUR/USD dips to 1.3350 on Fed decision
FXstreet.com (Edinburgh) - The shared currency dips to fresh lows in the vicinity of 1.3350 after the Fed left its monetary policy on hold.
The FOMC left the benchmark rate intact at 0.25%, broadly in line with expectations and the pace of the bond buying at $85 billion/month. Members also stated that the labour market is improving and the economy is growing at a moderate pace.
At the moment the pair is down 0.24% at 1.3359 and a break above 1.3411 (high Jun.19) would target 1.3416 (high Jun.18) en route to 1.3456 (high Feb.14). On the downside, support levels align at 1.3338 (hourly low Jun.18) ahead of 1.3326 (MA10d) and finally 1.3325 (low Jun.18).
The FOMC left the benchmark rate intact at 0.25%, broadly in line with expectations and the pace of the bond buying at $85 billion/month. Members also stated that the labour market is improving and the economy is growing at a moderate pace.
At the moment the pair is down 0.24% at 1.3359 and a break above 1.3411 (high Jun.19) would target 1.3416 (high Jun.18) en route to 1.3456 (high Feb.14). On the downside, support levels align at 1.3338 (hourly low Jun.18) ahead of 1.3326 (MA10d) and finally 1.3325 (low Jun.18).