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28 Jan 2015
EUR/USD marking time below 1.1400
FXStreet (Córdoba) - EUR/USD trades little changed on the day as investors remain sidelined while awaiting the FOMC monetary policy statement.
News from Greece, where Prime Minister Tsipras said the Hellenic country will not pursue destructive clash with creditors although the aim is to negotiate debt, also failed to inspire EUR/USD. The pair has spent most of the day within 1.1325 and 1.1380, unable to set short-term direction given the cautious mood. At time of writing, the euro-dollar pair is trading at 1.1365, virtually unchanged since opening.
With the economic calendar quite thin, FOMC statement is absorbing markets' attention to see whether the Fed will maintain its "patient" approach to hiking rates.
EUR/USD technical levels
In terms of technical levels, EUR/USD could find next supports at 1.1308 (100-hour SMA) and 1.1300 (psychological level) ahead of 1.1260 (intraday level Jan 27). On the flip side, resistances line up at 1.1422 (Jan 27 high) and 1.1445 (200-hour SMA/Fibo 23.6% of 1.2569-1.1098).
News from Greece, where Prime Minister Tsipras said the Hellenic country will not pursue destructive clash with creditors although the aim is to negotiate debt, also failed to inspire EUR/USD. The pair has spent most of the day within 1.1325 and 1.1380, unable to set short-term direction given the cautious mood. At time of writing, the euro-dollar pair is trading at 1.1365, virtually unchanged since opening.
With the economic calendar quite thin, FOMC statement is absorbing markets' attention to see whether the Fed will maintain its "patient" approach to hiking rates.
EUR/USD technical levels
In terms of technical levels, EUR/USD could find next supports at 1.1308 (100-hour SMA) and 1.1300 (psychological level) ahead of 1.1260 (intraday level Jan 27). On the flip side, resistances line up at 1.1422 (Jan 27 high) and 1.1445 (200-hour SMA/Fibo 23.6% of 1.2569-1.1098).