The EURUSD keeps rising, mostly because of weakness in the Dollar. The greenback loses ground versus its main counterparts as the Fed stays on hold on interest rates. The 55 day EMA around the 1.1341 level could act as resistance on the EURUSD.
As the bullish momentum accelerated on the EURUSD, the 200 day zone acted as resistance and the pair pulls back to the 55 day EMA around the 1.1347 level. The bullish trend is still in place, but the price may get stuck between the 1.1347 level and the 1.1400 level.
Because the dollar index has a very large bullish band, it could hit a record high beyond imagination, even reaching 108. So the euro's long-term trend is likely to continue to fall. And make huge profits.