EUR/USD, target almost reached
The buyers have almost reached my predicted target in this week, but it seams that the FED’s statement stoped the pair just several pips away from the goal. Sure, daily technical picture shows resistance area exactly at the point of return, at the 1.1120/30 and by looking that, this was a top level for now. Daily MA100 stayed untouched at the 1.1133 level and minor SL’s are safe for now in between the daily MA100 and daily MA200 (1.1177).Huge stops are above that level and strong down trend line, at aprox 1.1200/50. This could be a some kind of consolidation level now and it’s not clear to me where the pair could go from here. Could buyers return it’s strenght and try to reach this stops again? They could try, the support at 1.1040/50 looks decent, the only problem on the way up from here is the H4 MA200. Let’s watch a while and see what next.