Forex: EUR/GBP ranges ahead of US open

FXstreet.com (Barcelona) - EUR/GBP has continued to range this afternoon, having found support at 0.8006.

Price has been restricted to a 20 pip range today as the main event of the day is the Fed Interest Rate decision and the FOMC statement scheduled for later this afternoon. Today holds extra precedence as it is widely expected that Fed Chair Bernanke will announce QE3. Currently trading at 0.8014, upcoming levels of support can be found at 0.8004/0.798/0.7944 and resistance at 0.804/0.8064/0.81.

European Equities remain down on the session and US futures are indicating a lower open. Commodities are mixed to higher whilst critical yields are up but remain stable.

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