Forex: EUR/USD jumps to 1.4903 after the FOMC decision

04 November 2009 @ 02:46 pm EDT

FXstreet.com (Córdoba) - The Euro jumped to 1.4903 posting a fresh one-week high but then pulled down to 1.4865. EUR/USD is consolidating important gains on Wednesday. Above 1.4900, the next resistance lies at 1.4925 (Oct 27 highs). A few minutes ago the Federal Reserve decided to leave rates unchanged at historic low levels.

Valeria Bednarik, Fxstreet.com collaborator, affirms in the current FXstreet.com FED Interest Rates Decision Live Coverage: "In the long term, I do believe that we will have to wait at least till Friday's close to see if there is a any definitions in dollar. We have BOE and ECB tomorrow, and Non farm Payrolls on Friday. market won't be taking strong decisions today."

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