the Federal Reserve left rates unchanged which puts USD under pressure.
The support rests at 1.13700 with resistance at 1.14220 which both lines are above the weekly pivot point at 1.12970. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The price has already reached the upper Bollinger band therefore there might be a price decline towards 1.13500, otherwise, the resistance level breakout will push the price higher targeting 1.14500.
