EUR/USD Price Analysis After FOMCEUR/USD Price Analysis After FOMC
Despite the recent FOMC meeting, EUR/USD remains unable to break through the 1.1200 level. This zone has once again proven to be a formidable resistance.
The price continues to hover around this key resistance area, suggesting that a breakout is unlikely in the near term.
Given the current market conditions, it seems more probable that EUR/USD will enter a larger correction phase, as indicated on the chart.
The first support zone to watch is near 1.1120, followed by a secondary support level around 1.1070.
Let’s see how the market unfolds next week.
You may find more details in the chart!
Thank you and Good Luck!
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