EUR/USD daily chart
- EUR/USD is trading in a bear trend below the 200-day simple moving average. (SMA)
- EUR/USD printed an outside day which can potentially have bullish implications.
- The FOMC at 19.00 GMT can trigger high volatility in the forex market.
EUR/USD 4-hour chart
- EUR/USD is momentarily capped by the 1.1400 and 200 SMA.
- Technical indicators are supportive for higher prices ahead.
EUR/USD 30-minute chart
- EUR/USD formed an expanding triangle pattern which can potentially be very bullish.
- Targets to the upside are likely located at the 1.1430 and 1.1475 level.
Additional key levels
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