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EUR/USD Climbs Toward 1.20 — Fed Pause Fuels Bullish Momentum
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EUR/USD gained slightly after US Fed rate pause.
It hits an intraday high of 1.1993 and is currently trading around 1.19675.
The pair is holding above the 55 EMA, 200 EMA, and 365 EMA in the 4-hour chart.
Near-term resistance is seen at 1.1200, a break above this may push the pair to targets of 1.2085/1.2135/1.21995.
On the downside, support is seen at 1.18890; any violation below will drag the pair to 1.18290/1.1765/1.1700/1.1660.