EUR/USD: 45 pip volatility on Fed's hawkish statement

Fed leaves interest rates unchanged says moderation in asset purchases "may soon be warranted".
EUR/USD volatile on the FOMC statement.

Ross J Burland FXStreet

The price of the euro is moving on Wednesday following the Federal Reserve's interest rate decision that has just been released.

EUR/USD has moved violently between a low of 1.1705 and 1.1750 so far within seconds of the release of the statement that gives rise to an imminent taper announcement.

Key takeaways, first glance

Fed leaves interest rates unchanged says moderation in asset purchases "may soon be warranted".

If progress continues as expected, a taper may soon be warranted.

Hawkish changes on the statement:

Next up is the Federal Reserve chairman's press conference. Jerome Powell will be answering questions likely related to the Evergrande risks and timings of tapering as well as inflation and economic outlooks.

Watch live, Fed's chair Powell

EUR/USD technical analysis

EUR/USD

Overview
Today last price	1.1724
Today Daily Change	-0.0002
Today Daily Change %	-0.02
Today daily open	1.1726

Trends
Daily SMA20	1.1803
Daily SMA50	1.1792
Daily SMA100	1.192
Daily SMA200	1.1987

Levels
Previous Daily High	1.1749
Previous Daily Low	1.1715
Previous Weekly High	1.1846
Previous Weekly Low	1.1724
Previous Monthly High	1.19
Previous Monthly Low	1.1664
Daily Fibonacci 38.2%	1.1736
Daily Fibonacci 61.8%	1.1728
Daily Pivot Point S1	1.1711
Daily Pivot Point S2	1.1696
Daily Pivot Point S3	1.1677
Daily Pivot Point R1	1.1745
Daily Pivot Point R2	1.1764
Daily Pivot Point R3	1.1778

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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