EUR/USD is floating over the 1.14 idea about Friday, descending from Thursday's tops almost 1.1450 in the wake of the FOMC choice.
Karen Jones, Head of FICC Technical Analysis at Commerzbank recommended "EUR/USD no change, remains upside restorative close term however upside tests are relied upon to stay minor and discover introductory resistance offered by the 1.1468 May high. As of now we stay not able to discount increases to the 1.1582/78.6% retracement".
Likewise, Emmanuel Ng, FX Strategist at OCBC Bank, noted "We stay useful towards upside potential for the EURUSD after the FOMC inside of 1.350-1.1450. At this point, the 200-day MA (1.1223) may demonstrate a hard floor with rate differential advancements (counting over the majors) contending for a milder dollar profile in the close term. Upside resistance levels are normal into 1.1470 preceding 1.1530".
