FX.co ★ Technical overview: EUR/USD (there is a possibility of resuming the growth of the pair)

The pair found support at the 1.0490 level in anticipation of the outcome of the Fed's monetary policy meeting. The pair can get good support if the outcome of the meeting is a decision after the rate increases by 0.50%, then raise at a rate of 0.25% at each meeting. There is such a possibility.

Technical picture:

The price is located above the middle line of the Bollinger indicator, above SMA 5, but still below SMA 14. The relative strength index of the RSI is below the level of 50% and is gradually growing. Stoch is still growing.

Forecast of the day:

After overcoming the 1.0535 level and consolidating above it, the pair may continue to grow towards 1.0650.