Eur/usd
Any positive surprise might be enough to reinforce the Fed’s view that that the current monetary policy stance is appropriate and should provide a goodish lift to the US dollar. This might further dent the already weaker sentiment surrounding the EUR/USD pair. Conversely, the market reaction to a slight disappointment might turn out to be rather muted, which further suggests that any attempted recovery by the pair runs the risk of meeting with some fresh supply at higher levels.
Ahead of the important release Pablo Piovano, Editor FXStreet offered important technical levels for the major: “A sustainable breach of the 1.10 mark is needed to intensify the sell-off to, initially, the November’s low at 1.0981. Further south emerges September’s lows in the 1.0930/20 band. The negative view in the spot should remain unchanged below the 55-day SMA, today at 1.1089.”