FxWirePro: EUR/USD maintains bullish bias with focus on 1.1480 levels
The EUR/USD inched higher at the beginning of the US session as the pair found strong buying interest on Wednesday as the dollar was hurt by waning expectations that the Federal Reserve will raise interest rates anytime …
The EUR/USD inched higher at the beginning of the US session as the pair found strong buying interest on Wednesday as the dollar was hurt by waning expectations that the Federal Reserve will raise interest rates anytime soon.
With worries about Brexit also gathering, investors have ruled out the expectation of a rate increase at the Fed Reserve's June 14-15 policy review.
Further downside in this pair should be limited as the support level at 1.1324 levels should limit downside and bring a rebound back to higher side.
To the upside, the strong resistance can be seen at 1.1426, a break above this level would take the pair towards next resistance level at 1.1473.
To the downside immediate support can be seen at 1.1380 levels, a break below this level will open the door towards next level at 1.1324.
