EUR/USD bounces back on dovish Fed, awaits PMI data later today ...Middle East

News by : (forex live) -
Going into the Fed this week, the pair had been threatening key support levels on the chart. The 200-day moving average (blue line) was where buyers drew the line and they were rewarded amid a more dovish take by Fed chair Powell yesterday. That helps to oversee a rebound back above the 1.0900 mark in the aftermath.As the dollar is stumbling across the board, the near-term bias for EUR/USD also turns more bullish now. The rebound higher sees a push above the key hourly moving averages at 1.0879-03. That reaffirms that buyers are now in near-term control again. So, what's next for the pair?There is minor daily resistance near 1.0950 and that will come alongside the 61.8 Fib retracement level

Hence then, the article about eur usd bounces back on dovish fed awaits pmi data later today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( EUR/USD bounces back on dovish Fed, awaits PMI data later today )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار