EURUSD continues to trade higher and jumped above 1.1500 level after Fed monetary policy.Fed has kept its interest rates unchanged and pledges ‘patience’ stance on further moves.It also mentioned that they are ready to alter balance sheet if needed.The pair hits high of 1.15142 and is currently trading around 1.14879.
Technically pair has formed a triple bottom near 1.12670 and once again jumped sharply.EURUSD is facing trend line resistance around 1.15200 (trend line joining 1.1813 and 1.15697) and break above this confirms bullish continuation .A jump till 1.1580 (200- day MA)/1.15920 (300-day EMA).
On the lowerside, near term support is around 1.1445 (100- day MA) and any violation below targets 1.1400/1.1387 (50- day MA)/1.1345/1.1300. The pair should break below 1.12670 for further weakness.
It is good to buy on dips around 1.1470 with SL around 1.1430 for the TP of 1.15800.
