FXStreet — US Dollar shows no reaction to the Fed interest rate decision, the EUR/USD continue to 1,0915 listed.
Inflation near the Fed’s target
The Fed Statement shows that Inflation on an annual basis, approaching the goal of the Fed. The politicians also see a slowdown in the first quarter, while the labour market remains strong.
The Bank refrained, however, clear evidence of a June interest rate to give the increase. There was also no evidence that the Fed’s Plan to reduce the balance sheet. The USD bulls are a bit under pressure.
EUR/USD technical levels
Resistances lie at 1,0991 (100-week-MA), 1,1039 (High 20. October) and 1.11 (psychological resistance). On the other hand, supports are located at 1,0852 (4-hour chart), 1,0838 (200-day MA) and 1,0735 (High 19. April).
** FXStreet News Editorial, FXStreet**
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