FXstreet.com (San Francisco) - EUR/USD is operating within a tight range ahead of the Tokyo fix, as investors await Chinese manufacturing PMI data at 01:00 GMT, and as the market awaits the conclusion of the FOMC this Wednesday during the NA session.
“Expect the 1.2210/1.2340 range to hold ahead of FED’s decision Wednesday afternoon, with a break of any of both required to see a clearer trend picture in the EUR/USD,” comments Valeria Bednarik, Chief Analyst at FXstreet.com.
At the time of writing, EUR/USD is quoted at the 1.2300 figure. The downside offers support at 1.2280, 1.2250 and 1.2210, while resistance levels lie at 1.2335, 1.2390 and 1.2420.
“Expect the 1.2210/1.2340 range to hold ahead of FED’s decision Wednesday afternoon, with a break of any of both required to see a clearer trend picture in the EUR/USD,” comments Valeria Bednarik, Chief Analyst at FXstreet.com.
At the time of writing, EUR/USD is quoted at the 1.2300 figure. The downside offers support at 1.2280, 1.2250 and 1.2210, while resistance levels lie at 1.2335, 1.2390 and 1.2420.
