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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.

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