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The 1.3000 said No; but EUR/USD holds at 200 hour MA

The EUR/USD is currently trading at the 200 hours MA level of 1.2960 where the pair remains quiet after being rejected by the 1.3000 area.

Earlier in the day, the EUR/USD jumped from 1.2935 to price at highs since September 4 amid news from China boosting liquidity in banks and an article of Hilsenrath that said the Fed is far from hike rates.

EUR/USD sentiment

Focused on the FOMC meeting tomorrow, the EUR/USD will likely maintain the range, according to Valeria Bednarik, FXStreet.com chief analyst, when market will finally decide “whether to extend the bearish trend or begin a stronger upward corrective move.”

Above the 1.3000, the pair will have a long route with no significant resistances; however levels to take in count are 1.3110 and 1.3150. On the downside, supports are at 1.2900, 1.2880 and 1.2860.

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