Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EURUSD trades higher on dovish Fed, jump till 1.1500 likely

EURUSD trades higher and jumped more than 40 pips after Fed monetary policy. Fed has kept its rates unchanged as expected to downgraded growth forecast for Q1 to 2.6% form 2.9%. It hits intraday high of 1.14139 and is currently trading around 1.14119.

 

The yield spread between US and German bund has narrowed to 248 basis point from 259 basis point  and for 2 year spread hits 11-month low to 294 basis point is supporting Euro.

 

On the higher side near term major resistance is around 1.14150 (trend line resistance) and any violation above will take the pair to next level till 1.1480 (200- day MA)/1.15145/1.15690.

 

The near term support is around 1.1364 (100- day MA) and any break below will drag the pair to next level till 1.1320/1.12970/1.12600. Any break below 1.12150 will drag the pair till 1.11760/1.1150.

 

It is good to buy on dips around 1.13800 with SL around 1.1335 for the TP of 1.1500/1.1565.     

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 25 21:00 UTC Released

KRConsumer Sentiment Ind

Actual

101.6 Bln USD

Forecast

Previous

99.8 Bln USD

April 25 15:00 UTC Released

USKC Fed Composite Index

Actual

5 Bln USD

Forecast

Previous

10 Bln USD

January 31 00:00 UTC 647872647872m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 647872647872m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 659692659692m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 647872647872m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 659692659692m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 647872647872m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 647872647872m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 647872647872m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.