mlawson71 wrote: Thu Sep 19, 2019 10:36 pm It's stuck in a sideways consolidation below 1.1070, I won't trade it before it breaks out above 1.1110 too.

Reckon it'll keep going up?

EUR/USD: FOMC Statement and Federal Funds Rate

The European Common Currency depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost 20 pips or 0.18% right after the release. The Euro continued trading at the 1.1105 level against the Greenback.

The Federal Reserve released the Federal Funds Rate data, which came out in line with the expectations of 2.00%.

According to the official release: "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 1-3/4 to 2 percent. This action supports the Committee's view that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective are the most likely outcomes, but uncertainties about this outlook remain."


Source: https://www.fxstreet.com/analysis/macro ... 1909201133