FXstreet.com (Córdoba) - After plunging across the board following FEDs decision to leave rates unchanged, Greenback is now rising across the board. EUR/USD tumbled from 12-month high at 1.4842 to 1.4750. The Dollar current price under 1.4770 is below the one it had before the FOMC announcement.
Nick Nasad, currency market analyst with CMS Forex comments on the EUR/USD: It seems that the rejection of the move upwards will like you said put this pair into some sideways trading. Look for support at 1.4750 if we see the greenback move lower today. Today's announcement really doesn't change the underlying dynamics that we have seen in the currency markets. I'm sure behind the scenes there is much discussion about exit strategy.