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EUR/USD Expects More Gains Before FOMC

Discussion in 'Technical Analysis' started by Kaitlin, Mar 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As we are entering the vital FOMC-led week today, the outlook for EUR/USD remains cautiously optimistic, particularly because the Fed is not forecasted to raise interest rates. The pair is largely backed by the 1.1050/00 area, where the 200-day SMA coincides with the 20-day SMA and monthly pivot point. Additionally,[​IMG]

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