EUR/USD found takers around the 4-hour 50-MA level of 1.0732 and extended the rebound to a high of 1.0788 in Asia.
The US dollar spiked for a brief moment following the release of the Fed statement, which cheered the improvement in the economic sentiment.
However, the greenback quickly surrendered gains as the Fed remained silent regarding the timing of the next rate hike.
Current exchange rate of EUR/USD pair is 1.0794.
Our Latest Recommendation:
Buy EUR/USD as the pair is going up in Forex Market.