EUR/USD Technical Analysis: Euro rises to test 1.1500 after Fed’s meeting

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  • A weaker US dollar boosted the EUR/USD pair after the FOMC meeting.
  • The pair broke to the upside and reached at 1.1502 the highest level since January 11. Now the 1.1450 area is the immediate support. While holding above, more tests to the 1.1500 area seem likely. 

EUR/USD 15-minute chart 


	EUR/USD Technical Analysis: Euro rises to test 1.1500 after Fed’s meeting

  • Today’s rally pushed the pair back above the 100-day moving average and so far the euro is holding firm above the key area of 1.1450. The rally was capped at 1.1500 that is being challenged. A break higher should lead to further gains and to a test of a downtrend line from September highs, currently at 1.1525. If it consolidates on top, 1.1560 looks like the next target. 

EUR/USD Daily chart 


	EUR/USD Technical Analysis: Euro rises to test 1.1500 after Fed’s meeting

EUR/USD

Overview:
    Today Last Price: 1.1485
    Today Daily change: 0.0052 pips
    Today Daily change %: 0.45%
    Today Daily Open: 1.1433
Trends:
    Daily SMA20: 1.1415
    Daily SMA50: 1.1391
    Daily SMA100: 1.1448
    Daily SMA200: 1.1571
Levels:
    Previous Daily High: 1.1451
    Previous Daily Low: 1.1411
    Previous Weekly High: 1.1418
    Previous Weekly Low: 1.1289
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1436
    Daily Fibonacci 61.8%: 1.1427
    Daily Pivot Point S1: 1.1412
    Daily Pivot Point S2: 1.1392
    Daily Pivot Point S3: 1.1372
    Daily Pivot Point R1: 1.1453
    Daily Pivot Point R2: 1.1472
    Daily Pivot Point R3: 1.1493

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