EUR/USD advances to near 1.0930 after Fed keeps policy rates unchanged

EUR/USD extends its gains for the second consecutive session as the US Federal Reserve (Fed) maintained its benchmark rates at 5.5% during Wednesday’s policy meeting. The pair rises to near 1.0930 during the Asian trading hours on Thursday.

Sentiment is: Positive

Technical Analysis

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.0948 but consider reducing the size of your position as the price gets closer to that target.

EUR/USD breakout through resistance

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