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Sep 16, 2014
EUR/USD recovers its quietness and trades at 1.2935
FXStreet (San Francisco) - After a brief decline to 1.2920 and a shy test of MA 200 hours at 1.2965, the EUR/USD is now trading quietness around 1.2940.
Investors are focused on Wednesday's FOMC. As Valeria Bednarik from FXStreet comments: "If something, FED meeting on Wednesday can be the trigger market is waiting for to decide whether to resume the trend or begin a recovery."
Currently, EUR/USD is trading at 1.2941, up 0.01% on the day, having posted a daily high at 1.2967 and low at 1.2922. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD levels
If the pair manages to break below 1.2940, it will face supports at 1.2920 and 1.2905. On the upside, resistances are at 1.2950, 1.2965 and 1.2980.
Investors are focused on Wednesday's FOMC. As Valeria Bednarik from FXStreet comments: "If something, FED meeting on Wednesday can be the trigger market is waiting for to decide whether to resume the trend or begin a recovery."
Currently, EUR/USD is trading at 1.2941, up 0.01% on the day, having posted a daily high at 1.2967 and low at 1.2922. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD levels
If the pair manages to break below 1.2940, it will face supports at 1.2920 and 1.2905. On the upside, resistances are at 1.2950, 1.2965 and 1.2980.