FOMC ‘s hawkish stance could not hit EURUSD below its critical support of 1.18400. If AFD fails to come in third today in German Elections, the euro is likely to rise modestly against its peers amid a relief rally.
Let us take a look at the technicals:
EURUSD Technical Analysis:
Friday, EURUSD tried to break out 1.20100 barriers but failed and pulled back towards mid-channel of Bollinger Bands. Parity ended the week at 1.19470, MA5, MA12, and MA20 support on the daily chart.