Investors are disappointed by the results of the Fed meeting, the Committee’s rhetoric has been more optimistic than in March, but the chances of raising of federal funds rate in June are low.
EUR/USD technical analysis and forecast on April 29
The EUR / USD currency pair is still traded within the correction to the lower boundary of the ascending trend. The RSI is back under the trend line, indicating a decrease in quotations. The forecast for EUR / USD on April 29 involves price fixing below 1.1300, the next goal for “bears” is at the 1.1200 level (the lower bound of the downtrend channel).
