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17 Sep 2015
EUR/USD oscillates around 1.1300 heading into the FOMC
FXStreet (Córdoba) - EUR/USD retreated at the beginning of the New York session and dipped temporarily below the 1.13 mark as investors adjust positions heading into the final hour ahead of the Federal Reserve announcement on rates.
EUR/USD found resistance at the 1.1337 level and fell toward a session low of 1.1294 before settling around 1.1300. At time of writing, the pair is trading at 1.1306, still 0.16% above its opening price.
Wild moves and volatility are expected from 18:00 GMT when the Fed will finally unveil its decision on rates. Some analysts are still expecting the bank to announce its first hike in nearly a decade.
EUR/USD found resistance at the 1.1337 level and fell toward a session low of 1.1294 before settling around 1.1300. At time of writing, the pair is trading at 1.1306, still 0.16% above its opening price.
Wild moves and volatility are expected from 18:00 GMT when the Fed will finally unveil its decision on rates. Some analysts are still expecting the bank to announce its first hike in nearly a decade.