From TradingView · · 40s
EURUSD rebounds from key support
EURUSD holds support as Fed rate hike looms.
In brief
EURUSD holds support as Fed rate hike looms. EURUSD rebounds from 1.1510-1.1525 support after ECB rate hike, targeting 1.1610-1.1620 resistance. Originally reported by TradingView.
Current price action
Euro dollar rebounds from 1.1510-1.1525 support zone.
“1.1510, 1.1525 support zone”
Technical analysis
Price holds above key support with selloff stabilizing.
Resistance target
Bullish rebound toward 1.1610-1.1620 resistance zone.
“1.1610, 1.1620 resistance zone”
Fundamental factors
ECB rate hike provides euro support ahead of Fed decision.
Market focus
U.S. retail sales and Fed rate hike drive volatility.
Next move
Rejection of resistance could send price back to support.
The main idea
EURUSD rebounds from 1.1510-1.1525 support after ECB rate hike, targeting 1.1610-1.1620 resistance.
