EUR/USD (current price: 1.1070 )
The most traded pair finished higher following the FED meeting as it rocketed higher in the last two hours of the day. German Import Prices missed the consensus estimate by a small margin with a reading of 0.5%, but the bullish British GDP print helped the common currency on Wednesday. The U.S. central bank is unlikely to raise interest rates in the coming months and that combined with the promising economic trends could lead to an extended neutral period for the cross.
Our assessment: EUR/USD is still slightly above the 1.10 support, but it’s stuck below the 1.1185 resistance, and inside a declining short-term trend channel as well/
