Forex: EUR/USD Technical Analysis – Holding Short Into FOMC

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Talking Points

  • Prices fell as expected and we’re short; a Shooting Star hints at bearish resumption
  • Closing below 1.3654 (38.2% Fib ret.) targets 1.3598 (23.6% Fib ret.)
  • Reversing above 1.3700 (50% Fib ret.) initially exposes 1.3745 (61.8% Fib ret.)

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dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Holding Short Into FOMC

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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