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28 Jan 2014
EUR/USD consolidating around 1.3670
FXstreet.com (Córdoba) - The EUR/USD remains quiet, still trading in a small ranges hovering around 1.3670. During yesterday's American session the Euro bottomed at 1.3650 but bounced to the upside afterwards following Wall Street's opening bell. Since then it has been moving sideways, around 1.3670.
EUR/USD and another failure above 1.3700
On Monday the EUR/USD traded above 1.3700, as it did on Friday, but once again it failed to hold above an pulled back to trade sideways. The short-term outlook could start favoring the downside as the pair continues to make lower lows and highs. Also both failures above 1.3700 could suggest some exhaustion.
With Fed's decision on Wednesday, volatility could remain low until then as many investors await the outcome of the FOMC meeting to make the next trade in the EUR/USD.
EUR/USD and another failure above 1.3700
On Monday the EUR/USD traded above 1.3700, as it did on Friday, but once again it failed to hold above an pulled back to trade sideways. The short-term outlook could start favoring the downside as the pair continues to make lower lows and highs. Also both failures above 1.3700 could suggest some exhaustion.
With Fed's decision on Wednesday, volatility could remain low until then as many investors await the outcome of the FOMC meeting to make the next trade in the EUR/USD.