EUR/USD Technical Analysis: Euro falls 50 pips as Fed raises the target for Fed funds rate by 25bp to 1.75-2.00%
|- EUR/USD falls about 50 pips as the Federal Reserve decided to raise the target for Fed funds rate by 25bp.
- The next strong support is the 1.1730 level.
EUR/USD 15-minute chart
Spot rate: 1.1750
Relative change: 0.06%
High: 1.1793
Low: 1.1729
Trend: Bearish below 1.1800
Resistance 1: 1.1770, 200-period SMA (m15)
Resistance 2: 1.1800 figure
Resistance 3: 1.1821 current week’s high
Support 1: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1650 June 5 low
Support 3: 1.1600 figure
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