ForexTrendline

EURUSD after FED - the big picture

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
Analysis on 12th of Jan

EURUSD is heading towards 1,1190. This is what we expected and talked about earlier this month.

This is a level which could be reached today and price possibly slowing down around those values.

The important levels that we don't expect for price to violate are above 1,1300 - they could be used for SL when looking to sell.

The best entries would be around 1,1245 with targets below previous support at 1,1190.
There is a potential for new lows on the higher timeframes, so we will continue looking at this situation in our daily analysis!

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