EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD 4-hour chart remains in a horizontal consolidation range bound between key support at 1.13750 and major resistance at 1.14800. Following a rapid bullish rally from the range floor, price met heavy sell rejection at 1.14780, evidenced by long upper wicks. Now pulling back around 1.14478, a breach below the mid-range pivot at 1.14200 points toward a retest of the 1.13750 support zone, whereas a confirmed 4-hour candle close above 1.14800 would be required to validate a bullish breakout targeting 1.15200.



With yesterday's Fed decision to hold interest rates steady, market participants are digesting the central bank's stance. Consequently, price action around these key technical boundaries will determine whether bullish or bearish momentum drives the pair in the near term.

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