The EurUsd erased all the gains it has made after the Fed's announcement. The patterns suggest that the parity is trying to join the Orange trend. Yesterday the parity closed while trading around its EMAs, which represented support for the parity. The pursuit of the bearish market will lead the parity back to 1.12375. (You will find below a hourly chart that suggest the start of a H&S figure, and a small description).
Breaching the 1.13373 level will suggest a back of the rally with 1.14307 as an objective, and 1.13680 as a primary objective
The parity's daily Pivot Point is around 1.13413. The daily support levels are around 1.12225 and 1.11504. The daily resistance levels are around 1.14134 and 1.15322.
If the H&S figure is completed it will have 1.13681 as a rejection level, 1.1058 as an objective, and 1.1164 as a primary objective.
Breaching the 1.13373 level will suggest a back of the rally with 1.14307 as an objective, and 1.13680 as a primary objective
The parity's daily Pivot Point is around 1.13413. The daily support levels are around 1.12225 and 1.11504. The daily resistance levels are around 1.14134 and 1.15322.
If the H&S figure is completed it will have 1.13681 as a rejection level, 1.1058 as an objective, and 1.1164 as a primary objective.
