EURUSD rebounded from the support level, and it's heading towards the next resistance zone. It took out the previous week's lows and moved upside. The market, as you can see, moved into the range zone. The price usually moves sideways after the impulse moves. However, we have a big bullish daily candle that has absorbed the last three bearish daily candles. I expect a pullback towards the support level, where the price bounced off a couple of times, and then an upward move to the strong resistance level. My goal is the resistance at 1.10000
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The dollar fell broadly on Thursday after the U.S. Federal Reserve maintained its interest rate cut projections for the year in the face of upside surprises on inflation, and did not strike a more hawkish tone as some investors had feared.
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