EUR/USD: History of New Highs After FOMC

I found this great tidbit of info this morning. The past 4 highs in the EUR/USD have occurred within 2 days of an FOMC meeting. The sell-off after-wards has been sharp, leading me to wonder whether today’s reversal is foreshadowing a larger decline ahead.

Click on the chart for a zoomed in view

Source: Bloomberg

Source: Bloomberg

Kathy Lien

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