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EUR/USD drops before FOMC; uncertainty remains

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD drops before FOMC; uncertainty remains “There’s so much now up in the air that I don’t think people want to take big positions.” - Charles Schwab & Co. (based on Bloomberg) Pair’s Outlook The US currency skyrocketed versus the Euro on Tuesday, by rallying circa 150 points to 1.0930. This level is placed under both 55-day SMA and weekly PP. On Wednesday morning we are observing a light trading, in anticipation of the most important Fed decision in recent years.

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