US dollar shows expectations growth of the Fed meeting, which is to be announced tomorrow at 21:00 MSK. The Fed’s decision and FOMC Press Conference will set the market direction, at least in the short term. Today we expect a volatility in the market increased.
EUR/USD technical analysis and forecast on June 15
The euro showed a projected decline, however, the RSI is not yet tested the support level that allows “bears” on euro / dollar to spend retest of the rising channel’s lower border. The support level is in the 1.1200 area, will bounce quotations up. The EUR / USD forecast for tomorrow suggests the resumption of growth in the euro area 1.1300.
