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Forex: EUR/USD eases further after FOMC minutes

By FXstreet.com,  January 03, 2013, 02:17:00 PM EDT

FXstreet.com (Barcelona) - The single currency is intensifying its downside on a hawkish tone out of the FOMC minutes, as several members have suggested the idea of cutting QE or halting it before year-end. At the same time, the majority of members backed the adoption of numerical thresholds instead of calendar guidance.

At the moment the cross is down 0.88% at 1.3071 with the next support lying at 1.3040 (mín. dic.13) luego 1.2996 (mín. dic.12) and finally 1.2929 (low Dec.11).
On the upside, a break above 1.3190 (high Jan.3) would aim towards 1.3300 (high Jan.2) en route to 1.3308 (high Dec.19).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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