Current trend
The pair continues growing amid some weakening in the USD.
The American currency remains under pressure prior to the Fed Interest Rate Decision that is due today. Experts predict that monetary policy will stay unchanged. Furthermore, due to problems in China and falling oil prices the regulator might delay the next rate hike until summer that would significantly support the pair.
Support and resistance
Support levels: 1.0787 (active trade), 1.0820.
Resistance levels: 1.0977, 1.1370.
Trading tips
Long positions can be opened from the level of 1.0820 with the target at 1.1370 and stop-loss at 1.0780.
The pair continues growing amid some weakening in the USD.
The American currency remains under pressure prior to the Fed Interest Rate Decision that is due today. Experts predict that monetary policy will stay unchanged. Furthermore, due to problems in China and falling oil prices the regulator might delay the next rate hike until summer that would significantly support the pair.
Support and resistance
Support levels: 1.0787 (active trade), 1.0820.
Resistance levels: 1.0977, 1.1370.
Trading tips
Long positions can be opened from the level of 1.0820 with the target at 1.1370 and stop-loss at 1.0780.