EURSD

The pair has moved past the critical event of the week, the FOMC meeting. The Fed's decision to lower interest rates by 25 basis points to 4.25% as expected, along with Powell's dovish remarks, weakened the Dollar index. Following this development, the pair gained strength above the 1.17264 pivot level and is currently testing the resistance at 1.17727. If it maintains above this level, the resistance at 1.17959 will become the target for the rest of the day. While the Fed's dovish stance has turned the main direction upwards, potential profit realizations could pull the price back towards the 1.17264 pivot level, but this level is now a strong support position.