The pair continues to evolve in a multi-week range between 1,40 and 1,47 represented by the weekly bollinger bands. An annoucement of another Quantitative Easing from the Fed this afternoon (14:00 GMT) could very well spark a bullish reaction with a target at 1,47.
Inversely, a non-confirmation of this monetary policy would benefit the US Dollar and put the EUR/USD under intense pressure.
The key levels to watch over the immediate term are 1,41 and 1,45.
Provided by atf-forex-trading.com