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Hello,
Today's most important economic news was the FED's interest rate decision in which they kept the rate at 2% with possible two more rate hikes this year. However this news didn't have a big impact on the dollar at least for now. Eur/usd has been trading in a trade range for two months between 1.1530 to 1.1820 and in my opinion it will stay in this range untill a major event happens after which the market will decide the real direction of this pair, it will either break the major stubborn support at 1.15 or break above 1.1850 the next major resistence.
Today's most important economic news was the FED's interest rate decision in which they kept the rate at 2% with possible two more rate hikes this year. However this news didn't have a big impact on the dollar at least for now. Eur/usd has been trading in a trade range for two months between 1.1530 to 1.1820 and in my opinion it will stay in this range untill a major event happens after which the market will decide the real direction of this pair, it will either break the major stubborn support at 1.15 or break above 1.1850 the next major resistence.
