EUR/USD Technical Analysis: Dovish Fed sends Euro near 1.1450 level

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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
  • Investors sold the US Dollar as the Fed was much more dovish than expected. 

EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD is trading above its main SMAs suggesting bullish momentum in the short-term. 
  • EUR/USD is testing the 1.1450 key resistance. The next resistance is at 1.1500 figure.
  • To the downside, support is at 1.1400 and 1.1370 level.

Additional key levels

 

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