EUR/USD - Silence Before The Storm Ahead Of FOMC Meeting
FxGrow | Mar 15, 2016 01:07PM ET
EUR/USD - silence before the storm ahead of FOMC meeting
Price stabilized above 1.1070 level after huge volatility on the last Thursday caused by the ECB meeting. It's not the end of market's attractions, because tomorrow there will be the FOMC meeting and decision about interest rates.
Until tomorrow price should stay between 1.1070 - 1.1200. However, after FOMC decision it will be important to see which pointed level will be broken. Break below 1.1070 will lead price to 1.0810, but break above 1.1200 allows to test even 1.1380 level.
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