EURUSD long view

Yesterday's increase in interest rates from 0.25% to 0.50% did not help the dollar, and for now, we have a bullish continuation. Pair EURUSD is currently at 1.10500, and we have no indication that the trend will change. Moving averages support this bullish movement, and we can look at 1.12000 as the next big resistance zone. Before that, we have a 1.10000 level, March high as a smaller resistance zone. For the bearish option, we need a pullback to 1.10000. A break below would boost the bearish momentum, and potentially additional support at that level are our MA50 and MA200 moving averages. Below, the next support is at 1.09000, then 1.08000 level, March and this year's minimum. The previous time we were here was in May 2020.