EURUSD is trading higher after Fed holds rates unchanged .it sticks with patient policy and has mentioned that economy has growth at faster pace in the first quarter. But inflation has weakened below 2% target despite solid labor market. It hits intraday high of 1.12647 and is currently trading around 1.12557.
On the higher side, pair is facing strong trend line resistance around 1.12600 and any convincing break confirms bullish continuation and jump till 1.1300/1.13240/1.1360. Any break above 1.1360 targets 1.14200/1.14500.
The near term support is around 1.1230 and any break below will drag the pair till 1.1200/1.11750.
It is good to buy on dips around 1.12000 with SL around 1.11700 for the TP of 1.13250.
