09:48, 04 марта
The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak. After this decision the pair jumped above 1.12. But this interest rate cut expectations already priced in. So the pair declined to the 1.1140.
1.1190 is the key resistance level for the pair. We expect down move, if the pair stays below this level.
Resistance levels : 1.1190 - 1.1230- 1.1280
Support levels : 1.1140 - 1.1090 – 1.1040