EURUSD - Still Neutral Pre FOMC

2020-01-30 00:48:59

We still hold a neutral view from the ECB meeting last Thursday before tonight FOMC meeting as more hawkish than expected comments from FED chairman Powell could lead to the currency pair dropping towards 1.09. Therefore we would look to resume our long view if EURUSD moves back above resistance at 1.11 or towards 1.09.