The debt market dynamics and the US Federal Reserve two-day meeting results announcement will determine the euro/dollar trend. The Germany 10-year negative bond yields are declining relative to the US counterparts. In this context, we may expect the low euro demand. Analysts had expected the Fed officials positive comments. The Fed did not change its monetary politic.
The resistance level of 1.1260 testing at the yesterday's trading session was followed by its breackthrough.
The price is finding the first support at 1.1260, the next one is 1.1150. The price is finding the first resistance at 1.1450, the next one is at 1.1675.
There is a non-confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a neutral territory. The price is increasing.
The pair can grow to the resistance level of 1.1450. After breaking 1.1450 the buyers may go to 1.1675.