April 28th, European session

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In trading in Europe, the US dollar is holding up against all currencies except the New Zealand dollar. Activity in the foreign exchange market remains low due to the upcoming FOMC meeting and J. Powell's speech.

At the time of writing, the euro is worth 1.2074. Buyers used the 1.2060 level as a springboard for the rebound. Since they were unable to raise the price to 1.2090 before the announcement of the decision by the US Federal Reserve, the risks increased to 1.2034 during Powell's speech. The resistance is at the level of 1.2095, the support is at 1.2057.

Posted Using LeoFinance Beta



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