18 Dec 2014
EUR/USD steady into Tokyo bettered offered
FXStreet (Guatemala) - EUR/USD is trading at 1.2336, down -0.04% on the day, having posted a daily high at 1.2349 and low at 1.2329.
EUR/USD has been steady post the release of the FOMC and subsequent of Yellen's press conference with a better bid tone in the US dollar and settlement of US risk put in to US markets.
The events of the FOMC were bullish overall in respect of the US economy and there are expectations of a rate hike from the Fed in the second half of 2015. EUR/USD was moving in a 2 cent range over the course of Europe and the US and is settling on the offer and bringing in further downside risk. Next support to the downside can be found at 1.2304 (Daily Classic S3), 1.2303 (Weekly Classic S1) and 1.2290 (YTD Low).
EUR/USD has been steady post the release of the FOMC and subsequent of Yellen's press conference with a better bid tone in the US dollar and settlement of US risk put in to US markets.
The events of the FOMC were bullish overall in respect of the US economy and there are expectations of a rate hike from the Fed in the second half of 2015. EUR/USD was moving in a 2 cent range over the course of Europe and the US and is settling on the offer and bringing in further downside risk. Next support to the downside can be found at 1.2304 (Daily Classic S3), 1.2303 (Weekly Classic S1) and 1.2290 (YTD Low).