EURUSD

EURUSD remains within a defined support and resistance range after the FOMC decision, with price action holding key technical levels. The resistance target near 1.0936 – 1.0954 continues to cap gains, while the support target below at the 61.8% at 1.08174 provides a floor for now.

In today's session, the pair has struggled to break back above the 100-hour moving average at 1.0896 over the last few hours, signaling a potential shift in bias toward the downside. If sellers maintain control and push lower, attention will turn to the 61.8% retracement level at 1.0817 as a critical downside marker. A break below this level would open the door for further losses.

Conversely, a move back above 1.0896 would ease bearish pressure and could see a retest of resistance near 1.0936 – 1.0954. A break above this range would confirm a stronger bullish bias and extend upside potential.

Key Levels to Watch:

  • Resistance: 1.0896 (100-hour MA), 1.0936 – 1.0954 (major resistance)
  • Support: 1.0817 (61.8% retracement), 1.0767 – 1.0760 (support target)

The battle between buyers and sellers continues, with traders closely monitoring these technical levels for the next directional move.

Source: Forex Live