EURUSD trading lower in after the FOMC Statement. US Unemployment Claims in line with the market expectations.

EURUSD dropped yesterday and closed at 1.3736. The United States dollar strengthened after the latest FOMC statement about the monetary policy. The United States Federal Reserve maintained the size of its asset purchase program at 85 billion dollars per month. The FOMC Statement excluded any reference to the recent government shutdown and omitted previous remarks suggesting that tightening financial conditions could slow the pace of improvement in the economy and labor market. A report today showed that the Unemployment Claims in the United States came out close to the market expectation at a reading of 340K during the last week. Support for the EURUSD is seen at 1.3635 and resistance is seen at 1.3737. The HotForex Traders Board shows that 56 percent of the traders are short on the EURUSD.

EURUSD trading lower in after the FOMC Statement. US Unemployment Claims in line with the market expectations.