EUR/USD - Fight At 1.1330 Resistance Area
FxGrow | Mar 17, 2016 01:38PM ET
EUR/USD - fight at 1.1330 resistance area
EUR/USD moved up sharply after the FOMC meeting where Janet Yellen's statement was very dovish. For the last 24 hours, price moved up by 300 pips. So far the high from February wasn't tested, however it is a matter of time before level 1.1380 will be re-tested.
If price continues with upward movement, the biggest problem for demand will be the 1.1490 level. That level was tested only once in the last 14 months, and there price should rebound and start correction. Alternatively, if falls occur earlier, nearest supports will be located at 1.1200 and 1.1070.
Time-frame H4
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