FXstreet.com (Córdoba) - The Dollar is rising across the board and is testing key levels against the Euro and the Swiss Franc. EUR/USD trades barely above 1.4020. USD/CHF is just a few pips below 1.0500. In a few minutes the Federal Reserve will announced its decision on monetary policy.
EUR/USD fell to tests daily lows which are also the lowest prices since July 30. Currently the pair trades at 1.4030/35, 0.27% below today's opening price.
USD/CHF is approaching to intra-day highs that lie above 1.0500. A break above the highs could send the pair higher considering that it will be breaking a key resistance level. To the upside resistance lie at 1.0505 and above at 1.0530 (Aug 27 low) and 1.0575/80 and 1.0600.