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Even though the FOMC statement wasn't particularly hawkish, the committee slightly upgraded its assessment of jobs market progress and that was enough for the Dollar bulls to sell the Euro down to 1.10. The pair continued to fall overnight and in the morning but with signs of demand coming in from below 1.0950.
US Advance GDP will be released today at 12.30 GMT and until then the pair is likely to remain near the current levels. Support is seen between 1.0925 and 1.0950 (July 24th low, Weekly Pivot Point, Daily Support 1, 50's) while resistance levels are concentrated in 1.1000 - 1.1025 band (Tuesday low, pre-FOMC low, 100 DMA, Previous Week High, Daily Pivot Point, 00's).
US Advance GDP will be released today at 12.30 GMT and until then the pair is likely to remain near the current levels. Support is seen between 1.0925 and 1.0950 (July 24th low, Weekly Pivot Point, Daily Support 1, 50's) while resistance levels are concentrated in 1.1000 - 1.1025 band (Tuesday low, pre-FOMC low, 100 DMA, Previous Week High, Daily Pivot Point, 00's).
