The euro is holding onto its monthly gains against the US dollar after the Federal Reserve cut interest by twenty-basis points on Wednesday. Going forward, the 1.1260 level is the key resistance level bulls may attempt to reclaim if a break above the 1.1200 level occurs. The monthly price close is now in focus, with EURUSD bulls on course for the first positive trading month since June this year.
• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
• The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1160 and 1.1260 levels.
• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
• The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1160 and 1.1260 levels.
