EUR/USD continues its correction. It has broken down below its 45° trend-line and formed a pole which has strengthened the bearish outlook given poles are reversal patterns. More broadly we see a possible fulcrum has developed which would seem to indicate the probability of a deeper correction unfolding. It has broken down below the 1.3745 lows, marking a possible break below the neckline and this could signal a move down to 1.3700 although a move below 1.3730 would provide necessary confirmation. There is no clear vertical count since the column of O's down from the highs is so small, however the next down-column along gives a downside target of 1.3680. The horizontal count is a seemingly far-fetched 1.3350. Overall the trend is still bullish, however, and once the correction finishes is expected to resume at at least re-touch the 1.3830 highs. Today is FOMC with much volatility expected in dollar pairs.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 