![BNPP: EUR/USD Into FOMC - back to 1.10 on dovish Fed result BNPP: EUR/USD Into FOMC - back to 1.10 on dovish Fed result](https://c.mql5.com/6/687/splash-649274.jpg)
BNPP: EUR/USD Into FOMC - back to 1.10 on dovish Fed result
16 September 2015, 10:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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BNPP is expecting for Thursday’s FOMC statement to be in dovish way and as a result - the EUR/USD should come to 1.10 to be near 1.1088 reversal support level located inside Ichimoku cloud and below 200 day SMA in the ranging bearish area of the chart.
- "The pattern, if extended through Thursday’s Fed result, would bode well for EURUSD to trade back towards 1.10 and USDJPY to extend its recovery towards 123."
- "Still, we think risk-reward remains attractive for maintaining USD long exposure given our medium-term constructive view and light positioning."