Euro / U.S. DollarEducation
EURUSD Before FOMC
* Holding the mid 1.1900's, EUR/USD looks comfortable inside a range which looks set to play out until the FOMC mid week.
* Drivers all set to come from the US side this week, with the FOMC meeting in focus on Wednesday. Next ECB not till late Oct, and tapering expectations getting priced in - it's now a matter to what extent.
* On the downside, 1.1800-25 cements a firm base for now, identified in last week's post US inflation USD rally. Pre 1.2000 well offered for now also though.
* Drivers all set to come from the US side this week, with the FOMC meeting in focus on Wednesday. Next ECB not till late Oct, and tapering expectations getting priced in - it's now a matter to what extent.
* On the downside, 1.1800-25 cements a firm base for now, identified in last week's post US inflation USD rally. Pre 1.2000 well offered for now also though.
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