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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