EUR/USD: The pair is trading positive as EURO bulls are underpinned by broad-based USD weakness. As USD took a big hit over the aggressive moves made by US Fed, the pair rose to fresh 2-day highs peaking at the 1.1237 handle but lack of fundamental strength for EURO bulls resulting in pair declining below 1.12 handle and trading range-bound near the mid-1.11 handle. The pair now needs to gain solid hold above 1.12 handle for long term positive price run while decline below 1.11 handle will be met with strong support around 1.105 and 1.100 handles.
Let us know if you liked the post. That’s the only way we can improve.