EUR/USD softer ahead of FOMC
The pair is accelerating its intraday correction lower as market participants shift their attention to the FOMC minutes due later. The euro remains unable to pick up pace in spite of the poor US results out today, showing Industrial Production, Capacity Utilization and housing sector releases all missing forecasts during January.
In the Greek front, the final request for a loan extension by Greek authorities will be submitted tomorrow, and the ECB statement on ELA is expected later on today.
EUR/US key levels
At the moment the pair is losing 0.68% at 1.1338 with the next support at 1.1320 (low Feb.16) ahead of 1.1303 (low Feb.12) and finally 1.1300 (psychological handle). On the upside, a breakout of 1.1450 (high Feb.17) would aim for 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.