Date : 18th September 2014 EURUSD DROPPED AFTER THE FOMC RELEASES YESTERDAY. US UNEMPLOYMENT CLAIMS DROPPED TO A 2-MONTH LOW. EURUSD dropped yesterday and closed at 1.2864. The inflation in the Eurozone remained stable, but below the 2 percent of the European Central Bank. Data from the United States indicated that the Federal Reserve maintained its interest rate at 0.25 percent in line with the market expectations and also reduced its asset purchase program to 15 billion USD per month. During the FOMC Press Conference the Fed Chair Janet Yellen stated that the policymakers at the Federal Reserve are in no hurry to raise the interest rates in the largest economy in the world. Data released today showed a drop of the Unemployment Claims in the United States to 280K during the last week which is a 2-month low level. The Building Permits and Housing Starts reports came a little worse than expected, but that might be due to the low activity in the sector in August when most of the people take their summer holiday. Support for the EURUSD is seen at 1.2836 and resistance is seen at 1.2979. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.