Great - we’re glad you asked that question and here’s our report.
The talk all across FX land is the release of the FOMC statement happening later on today. The dollar has started leveling off somewhat after weakening against the majors from the start of the week.
Now, to answer your question of ‘What’s next?’
Technically speaking, look for EUR/USD to keep its bullish feel. We may see a slight dip after the announcement, depending on what it is and how trader’s react.
Is the recent 1.4337 high the top? Don’t be hitting the SELL button just yet. There is still plenty of room for the pair to potentially break above this price and continue up.
For fundamental analysis and a breakdown of the FOMC, read fellow FX Street blogger Tim Salem’s report.
Whatever your position, remember to use caution when trading around announcements and remember your money management. Good luck.
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