Forex: EUR/USD back to 1.3050 after FOMC delivered

FXstreet.com (Barcelona) - The single currency has quickly climbed to levels just shy of 1.3080 to ease some ground later, after the Fed has ramped up stimulus by adding $45 billion in monthly Treasury purchases, broadly in line with expectations. The Fed has also adopted numerical thresholds for both the jobless rate and the inflation, stating that rates will remain in exceptionally low levels with unemployment rate above 6.5% and inflation at 2.5% or less.

The cross is now up 0.47% at 1.3069 facing the next resistance at 1.3087 (high Dec.6would aim to 1.3127 (high Dec.5) and finally 1.3129 (high Oct.18).
On the flip side, a break below 1.2996 (low Dec.12) would aim to 1.2930 (low Dec.11) and then 1.2928 (MA21d).

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