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18 Mar 2015
EUR/USD through 1.0700 on Fed
FXStreet (Edinburgh) - The single currency is posting fresh highs following the FOMC monetary policy meting, with EUR/USD surging to the area of 1.0740.
EUR/USD in multi-day tops
The pair gathered further traction after the Committee dropped the ‘patient’ perspective regarding the rates lift-off guidance, stating instead that it wants to be ‘reasonably confident’ on inflation. The Committee added that the economy has ‘moderated somewhat’ and the labour market kept improving. Regarding the inflation outlook, the FOMC sees consumer prices heading towards the 2% target in the medium term.
EUR/USD key levels
As of writing the pair is gaining 0.89% at 1.0693 with the next hurdle at 1.0735 (high Mar.18) ahead of 1.0800 (psychological level). On the flip side, a breach of 1.0551 (low Mar.17) would target 1.0457 (2015 low Mar.16) en route to 1.0400 (psychological level).
EUR/USD in multi-day tops
The pair gathered further traction after the Committee dropped the ‘patient’ perspective regarding the rates lift-off guidance, stating instead that it wants to be ‘reasonably confident’ on inflation. The Committee added that the economy has ‘moderated somewhat’ and the labour market kept improving. Regarding the inflation outlook, the FOMC sees consumer prices heading towards the 2% target in the medium term.
EUR/USD key levels
As of writing the pair is gaining 0.89% at 1.0693 with the next hurdle at 1.0735 (high Mar.18) ahead of 1.0800 (psychological level). On the flip side, a breach of 1.0551 (low Mar.17) would target 1.0457 (2015 low Mar.16) en route to 1.0400 (psychological level).