The euro has soared higher against the US dollar after the US FOMC Dot Plot showed that the central bank does not expect to hike US interest rates again this year. The EURUSD pair has a strong intraday bullish bias while trading above the 1.1400 level, key weekly resistance is now found at the 1.1500 level. Only a sustained move under the 1.1360 support level can negate the bullish sentiment surrounding the EURUSD pair.
The EURUSD pair is strongly bullish while trading above the 1.1400 level, key technical resistance is found at the 1.1450 and 1.1500 levels.
If the EURUSD pair trades below the 1.1360, sellers may test back towards the 1.1335 and 1.1290 support levels.
