During semi-annual congressional testimony Janet Yellen wasn’t dovish enough, she said: “The FOMC anticipates that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate”.
EURUSD fell only for a moment and tested support 1.1160. But price sharply returned to daily’s high and today demand continues upward movement testing 1.1350 level. Nearest resistance is at 1.1380 but it is likely that rebound will occur at 1.1490. Price moves between 1.1490, 1.0520 since more than a year. However if rebound occur faster nearest supports are located at: 1.1160, 1.1100.
Time-frame H1
Time-frame D1
