- The US Federal Reserve Bank just raised rates by 25 bps matching consensus and EUR/USD jumped near 1.1800 figure.
- EUR/USD main bear trend is switching to bullish as EUR/USD is trading above its 100-day simple moving average. The US Federal Reserve Bank raised rates by 25 bps matching consensus.
- EUR/USD is trading near 1.1750. EUR/USD is trading well above its 50, 100 and 200-period simple moving averages. EUR/USD is also supported by the bull trendline (green). The RSI indicator is trading above 50 remaining constructive to the upside. Bulls targets are located near 1.1800 and 1.1853 (June 14 high).
EUR/USD 4-hour chart
Spot rate: 1.1773
Relative change: 0.05%
High: 1.1798
Low: 1.1725
Main trend: Bullish
Resistance 1: 1.1800 figure
Resistance 2: 1.1853 June 14 high
Resistance 3: 1.1900 figure
Support 1: 1.1750 key level (July)
Support 2: 1.1723 September 24 low
Support 3: 1.1654 August 27 high
Support 4: 1.1630 August 8 high key level
Support 5: 1.1600 figure
Support 6: 1.1572 July 19 low
Support 7: 1.1542 supply/demand level
Support 8: 1.1530 August 23 swing low
Support 9: 1.1508 June 8 low
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