After a long waiting the FOMC statement, The US Central Bank decided to keep rates on hold, as expected.
Finally, the committee said that it will probably raise rates at a gradual pace. Anyway, the statement failed to clearly hint an upcoming rate hike, and chances have diminished for a move during the June meeting.
The EUR/USD pair traded between 1.1271 and 1.1360 right after the event, settling finally above 1.1315, Pair have the support at 1.1270 and resistance 1.1380 .
The pair needs to break beyond the immediate resistance at 1.1380 marks to be able to continue rallying towards the 1.1460 levels. Else we will see it touching 1.1270 again.
More will update soon!!
