EUR/USD has enjoyed the dovish decision by the Federal Reserve and is already eyeing the next levels. Where next for the world's most popular currency pair?
The Technical Confluences Indicator shows that EUR/USD has broken above a dense cluster of lines at 1.1258 which now serves as support. This includes the Bollinger Band 15min-Lower, the previous daily high, the Pivot Point one-month R1, the BB 4h-Upper, the Fibonacci 38.2% one-week, and the PP 1d-R1.
This line may serve as a springboard to move up. Weak resistance awaits at 1.1293 where the Fibonacci 61.8% one-week awaits the pair.