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  • EUR/USD is on the verge of a restest of critical resistance.  
  • The confluence of the 61.8% Fibo with prior lows is compelling.  

EUR/USD is riding the trendline support towards the 61.8% Fibonacci retracement level of the prior bearish impulse.  

The crosses are also poised for upside continuations in EUR/JPY for instance were bulls need a clean break of 133.50:

  • EUR/JPY Price Analysis: Bulls seek break and restest of 133.50

EUR/USD daily chart

As illustrated, the price is supported by a dynamic trend line support with sights on the 21-day moving average and the prior lows that meet the 61.8% Fibonacci retracement level.  

The US dollar will be in focus over the next few sessions due to the Federal Reserve:

US Dollar Index Price Analysis: DXY looks set for a bumpy road to 91.00 on FOMC day

Traders will be hoping for a catalyst to shake forex out of its lull and spur volatility one way or the other.