Stay 
Trading Conditions
Products
Tools
EUR/USD is trading above 1.21 in limited, typical pre-Federal Reserve trading. Markets await the bank's dot plot and Chair Powell's comments on potential tapering of the Fed's bond-buying scheme.
The currency pair is suffering from downside momentum on the four-hour chart and the price is capped at 1.2150 previous swing high region. That is critical resistance for the current price.
Above 1.2150, the next levels to watch are 1.2160, a cushion from early in the month, followed by 1.22 and 1.2220, which capped EUR/USD last week. The next levels are 1.2250 and 1.2266.
Some support awaits at 1.2110, a support line from earlier in the week, and then by 1.2090, June's low. Further down, 1.2055 and 1.2015 are eyed.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
