فرصه جيده للشراء بهدف 1.38 واستوب 1.36950
EUR/USD weaker on Fed
The pair is now rapidly depreciating against the greenback after the Fed left intact both the bond buying and the benchmark rate at $85 billion and 0.25%. Members also have seen improvement in the economy despite the recent fiscal developments. Regarding the timing of QE tapering, the Fed informed that more data is needed in order to start scaling back the monthly purchases of bonds.
EUR/USD key levels
The pair is now advancing 0.14% at 1.3765 with the next resistance at 1.3818 (high Oct.28) ahead of 1.3833 (2013 high Oct.25) and finally 1.3859 (high Nov.11 2011). On the flip side, a break below 1.3727 (MA10d) would expose the psychological level at 1.3700 followed by 1.3662 (low Oct.22).
