Euro printed an outside day reversal candle yesterday after the FOMC left interest rates on hold. A hawkish dissent, positive risk assessment and overall improvement of the tone of the statement was not enough to keep the U.S. dollar sellers at bay.
The pair surged about a cent from the lows and is currently stalling near 200 DMA. 1.11 and 50 DMA are the next levels where stronger supply may be expected. 1.10 shall now hold, if this is truly a bullish market.
The pair surged about a cent from the lows and is currently stalling near 200 DMA. 1.11 and 50 DMA are the next levels where stronger supply may be expected. 1.10 shall now hold, if this is truly a bullish market.