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EUR/USD matches October 14 low and edges higher (corrected)
Earlier this morning in what turned out to be 2 updates, we noted how the EUR/USD was trading down towards the October 14 and 2026 low at 1.1113. That meant it was also close to the 200 week moving average, which remains in place at 1.1108. Well, subsequent to those updates, the Euro did exactly match that October 14 low and it held at the first time of asking.
The rebound since has seen it trade as high as 1.1129. So, whilst rejecting a fall below 1.1113 it has not yet accelerated much away from it. That leaves the door open for another test at some point today. As to whether that happens ahead of the Fed policy decision, or after it remains to be seen, as does whether it happens at all. The EUR/USD is right now at 1.1128
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