EURUSD gaining for the second consecutive day, already boosting +0.70% for the day. The unchanged Fed Interest rate decision and the FOMC release made the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, drop 0.57% to 96.64 in the early trading sessions. The euro built on overnight gains and advanced 0.70% to 1.13000.The common currency has rebounded from a two-week low of 1.1181 set earlier in the week after European Central Bank President Mario Draghi hinted at a fresh round of stimulus to come.Breaking above the descending channel, EURUSD is expected the move to the next daily resistance which is also a bullish false breakout at 1.13500 . Although greenback remains week, there are still possibility for the USD to hit for a
pullback. EURUSD failing to close above 1.13000 at the end of the day, will fall in the descending channel.
EURUSD TODAY:
Daily open: 1.12262
Daily Last high: 1.13063
Daily Last Low: 1.12258
Daily current growth: +0.70%