EURUSD is rising due to a weaker USD after the Fed decided to keep interest rates unchanged. Positive news from Europe is also supporting the Euro.
Technically, the price is above the support zone of 1.11274 – 1.11601. If this zone holds, the price is likely to continue rising toward the resistance level at 1.11939. If it breaks through, the next target could be 1.1250.
Prediction: The price may have a slight pullback before continuing upwards. If the support zone breaks, a short-term downtrend might occur.
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