Blue rectangle- support
EURUSD continues its sideways movement over the last week. Price has made no real progress after the sharp decline from 1.0190 to 0.9950. Price has confirmed the importance of support around 0.9950. Market participants are having a waiting stance ahead of tomorrow's FOMC. Key resistance remains around 1.02 and support at 0.9950. Traders prefer to wait and act on tomorrow's announcements.
