Market Overview

Technical Forecast for EUR/USD

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Technical Forecast for EUR/USD

 


EURUSD held support at 1.3325/20 & held 1.3370/80 all through the session until the FOMC announcement. We then tore through August highs at 1.3450 to reach 1.3541. We need to hold above 1.3500/90 to continue the bull run. A break above 1.3545 then targets 1.3595/00 & possibly 1.3660 before the end of the week.


 


Below 1.3490 however risks a slide to support at 1.3460/55 & may be as far as 1.3440/30 for a buying opportunity. Exit shorts & try longs with stops below 1.3400.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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