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Forex: Dollar weakens before FOMC

In a few minutes the FED will announce its decision regarding monetary policy. Rates are expected to hold at current levels while markets will focus on what the FOMC has to say about the state of the economy and on monetary programs. Dollar weakened in the last hour across the board. EUR/USD is approaching to 1.4800 after rebounding at 1.4730, intra-day low.

GBP/USD is back above 1.6400, testing a resistance zone at 1.6420. USD/JPY is near the support zone at 91.30. Against the Swiss Franc, Dollar is lower after USD/CHF broke below 1.0240 falling to 1.0230.


EUR/USD (Sep 23 at 18:13 GMT)

1.4769/71 (-0.13%)

H 1.4842 L 1.4729

S3S2S1R1R2R3
1.47011.47381.47741.47921.48281.4865
[?]Trend Index[?]OB/OS Index
Strongly BullishNeutral
Data updated on Sep 23 at 17:55 (15-minute timeframe)

[ View EUR/USD Technical Studies ]

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