EUR/USD ran corrective bullish to 1.1062 and expected to enter bearish corrections until hitting support level at 1.1024. Later, expect a rebound from resistance level at 1.1094.

Dear Traders,

EUR/USD ran corrective bullish to 1.1062 and expected to enter bearish corrections until hitting support level at 1.1024. Later, expect a rebound from resistance level at 1.1094.

EUR/USD shoots northern following FED's decision to retain their interest rate at FOMC convention last night, as expected by analyst. Further speculations suggested FED's interest rate hike in September or December, where the probability may rise according to ongoing market predictions.

 

Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD