EUR/USD finds support at 1.1350

By FXStreet FXStreet (Córdoba) – The setback of the EUR/USD from 3-week highs extended below the 1.1400 level and found support at the 1.1350 zone.

The dollar has managed to take back part of the losses incurred on the back of Fed decision on Thursday. The Federal Reserve decided to leave rates unchanged citing heightened uncertainties abroad and softer path of inflation.

EUR/USD is currently trading at the 1.1360 zone, having pulled back from a high of 1.1440, last seen Aug 26.

EUR/USD levels to watch

As for technical levels, next resistances are seen at 1.1465 (May 15 high) and 1.1500 (psychological level) ahead of 1.1560 (Aug 26 high). On the other hand, supports could be found at 1.1349 (Sep 18 low), 1.1321 (100-hour SMA) and 1.1290 (21-day SMA).
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Source:: FX Street