EURUSD fell further on Thursday, reaching a recent low of 1.1891. After the Fed's monetary policy decision, the U.S. Dollar continued to rise, and Euro was under pressure. The Fed unexpectedly adopted a hawkish stance, suggesting that it might raise interest rates twice in 2023. The chief economist of the European Central Bank played down the importance of negotiating debt reductions in September, further exacerbating the pressure on the euro. From a technical point of view, the daily candle of EURUSD fell sharply for two consecutive days, and the market was dominated by the bears. H4 shows that Euro has fallen below the moving average that formed Death Cross. RSI indicator rebounded slightly from extreme levels, but all the indicators show a bearish signal. Pay attention to German dan European Union data for today. Overall prioritise Sell today. The deciding point whether to buy or sell is near 1.1900.
Support：1.1930-1.1950-1.2000
Resistance：1.1880-1.1850-1.1820
Disclaimer: This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.