Trades above and below the 200 hour MA
The EURUSD has been trading in a narrow trading range today – trading above and below the 200 hour MA (green line in the chart below) in the process.The housing data just out is good news with starts and building permits up and higher than expectations. The industrial production data, not so good. So the EURUSD has been moving above and below the 200 hour MA (green line in the chart below). The moving average is at 1.0931 and it looks like that line has "flat-lined" as traders wait for the Fed decision and presser starting at 2 PM (presser at 2:30 PM ET).
Forex technical analysis: The technical roadmap for the EURUSD through the FOMC decision
