EUR/USD, October 28.

eur-usd 28.10.

After US durable goods Sept. weaker data -1,3% vs +0,5% exp. EUR/USD rise 50 pips, hit MA200 H4 and aproaching down trendline at 1.2775. If the pair manage to brake that line next stronger resistance is waiting at 1.2840/50. That level is 23.6 fibo retracement  from EUR/USD May/September fall, allready reject the pair at October 15.

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3 comments

  • Hit that down trendline and back to 1.2630 at this moment. FOMC move this strong.

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  • Great analysis too, EUR/USD is hold by MA200. The pair is waiting FOMC here?

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    • Yap, stuck at 1.2745 for now, but looking bullish.

      Like

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