After the FOMC meeting and Powell’s press conference, the US dollar has moved lower.

That has seen EURUSD buyers seize near-term control in a move over the key hourly MA and price is currently testing swing area resistance around 1.1160-76.

The mentioned levels will show to be a key near-term region that buyers must break to establish more upside control.

The 200-day MA sits @ 1.1199 and will be a more significant level to watch out for the time being. Except if buyers break over that, sellers can locate a key level to rely on so as to constrain the range for any upside move.

Focus remains on US-China trade talks. Also, non-farm payrolls (NFP) come out tomorrow.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.

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