On my previous studies, I have underlined two important issues. First issue was the importance of 1.355 level. This is a very solid support and resistance level. Since this level has not been broken, and baring in mind the technical indicators such Stoch or W%R are showing that we are in an oversold situation, unless there is a tremendous political decision that could reshape the landscape, EURUSD will try to make a last try on the upside.
The second issue is the target which is 1.385. Since FED decided not to increase the interest rate, and market has already bought for a long time the decrease of ECB interest rate, there is a clear path towards 1.385.
Concerning the chart, we are clearly in a falling range as one may see on the chart, is is even more obvious on a daily chart. Therefore, we can think about a final try of EUR towards 1.385. If 1.355 is broken, we need to watch out 1.3525 and 1.35. If Euro is moving to that direction, then, the next stop is at about 1.34XX which means that the last try will not happen.
The second issue is the target which is 1.385. Since FED decided not to increase the interest rate, and market has already bought for a long time the decrease of ECB interest rate, there is a clear path towards 1.385.
Concerning the chart, we are clearly in a falling range as one may see on the chart, is is even more obvious on a daily chart. Therefore, we can think about a final try of EUR towards 1.385. If 1.355 is broken, we need to watch out 1.3525 and 1.35. If Euro is moving to that direction, then, the next stop is at about 1.34XX which means that the last try will not happen.
