EURUSD continues to trade higher and jumped above 100-day MA 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 1.14736 and is currently trading around 1.14706.
Technically pair has formed a triple bottom near 1.12670 and once again jumped sharply.EURUSD has convincingly broken 1.14500 (100- day MA) and this confirms further bullishness .A jump till 1.1500/1.1580 (200- day MA)/1.15920 (300-day EMA).
On the lowerside, near term support is around 1.14300 and any violation below targets 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 1.1455-60 with SL around 1.1400 for the TP of 1.15800.
