Yesterday the publication of the Fed decision on the interest rate took place. As expected, the Fed eased the policy and left the interest rate at the current level of 2.5%. After that, the dollar index dropped to the 95.00 mark and is currently at the minimum values for the current year.
For now the published data from the EU is multidirectional and the single currency has suspended growth after reaching the 1.15 mark. Now the price is in a correction.
We believe that the upward movement in the pair will resume after the completion of the correction, which is expected to continue to the level of 1.1450. After that, we advise you to take long positions on the pair and consider as your goals the marks near the levels of 1.1510 and 1.1560.
