Market Review: EUR- USD – 23th september- 27th september

After the FOMC’s surprising statement, the USD weakened across the board.

The EUR/USD exactly as we expected, broke above both the 1.3410 strong resistance and the 200 SMA on the weekly chart, and quickly reached our 1st target at 1.35. The trend is still upwards and we believe the pair can reach 1.37. Any downward correction should be used as a buying opportunity.

 

EUR-USD Chart - 23th september

EUR-USD Chart – 23th september

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John Walker

John Walker

Editor at Tradingbroker.co.uk
John was born in London ( United Kingdom ) and studied at The London School of Economics. Currently he lives in Sydney ( Australia ) and he works as editor at Tradingbroker.co.uk.
John Walker

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