Trend line resistance- 1.11275 (trend line joining 1.12016 and 1.11554)
EURUSD trades above trend line resistance after Fed monetary policy. It hit a high of 1.1788 at the time of writing and is currently trading around 1.11778.
Fed cuts rates by 50 bpbs to 4.75-5% compared to market expectations of a 25 bpbs rate cut. It signals towards two to three 25 bps cuts in the next two meetings of 2024.
The central bank mentioned that Job gains have slowed and inflation is moving towards a fed target of 2% but remains slightly elevated.
The pair trades above short-term (34 AND 55 EMA) in 4-hour chart. Major resistance to watch- 1.1180/1.12050. Bullish continuation only above 1.1280.
Major support- 1.1140,1.1100,1.1060/1.100/1.09880.
Indicators ( 4- hour chart)
Directional movement index -Bullish
CCI (50)- Bullish
CCI(14)- Bullish
It is good to buy on dips around 1.1168- 700 with SL around 1.1140 for a TP of 1.1275.


FxWirePro- Major European Indices
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD reverses course, bias back to downside
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: USD/CNY falls to three-year high, scope for further downside
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/USD stuck in range but maintains bearish bias
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge 



