Euro drops across the board, remains under pressure. US Retail Sales below expectations, attention turns to the FOMC statement. The EUR/USD dropped further after the beginning of the American session and bottomed at 1.1808, the lowest intraday level since last Thursday. The pair then bounced modestly and ahead of the FOMC statement it is hovering around 1.1830, still under pressure but supported above 1.1800. The slide took place amid a mixed US dollar and a weaker euro across the board. EUR/GBP is also at six days lows, testing 0.9100 while EUR/CHF fell to the lowest since late August, below 1.0750. Economic data from the US showed an increase in retail sales but below expectations. Attention is set on the Federal Reserve. At 18:00 GMT the FOMC will announce its decisions and the new economic projections of its members. Later, Powell will present a statement and will answers questions. It is the first meeting since the Fed announced its new strategy. The DXY found support again at 92.80 and spiked to the upside to 93.15. It is trading at 92.92, ahead of the meeting, moving sideways. The biggest loser among majors is the euro so far with the yen and the pound outperforming. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK PM Johnson: I don’t believe EU negotiating in good faith FX Street 1 year Euro drops across the board, remains under pressure. US Retail Sales below expectations, attention turns to the FOMC statement. The EUR/USD dropped further after the beginning of the American session and bottomed at 1.1808, the lowest intraday level since last Thursday. The pair then bounced modestly and ahead of the FOMC statement it is hovering around 1.1830, still under pressure but supported above 1.1800. The slide took place amid a mixed US dollar and a weaker euro across the board. EUR/GBP is also at six days lows, testing 0.9100 while EUR/CHF fell to the lowest since late August, below 1.0750.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
