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Forex technical analysis: EURUSD rises/dollar falls after fed decision

Discussion in 'Technical Analysis' started by ForexLive, Sep 17, 2015.

  1. ForexLive

    ForexLive Forum Member

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    EURUSD moves above trend line resistance at 1.1368 The EURUSD has moved sharply higher after the more dovish Fed, The price moved above the trend line at the 1.1368 level on the daily chart below. It is also moving above the 50% of the move down from the August high at 1.1398. The next key target comes in at the 1.1435-65 area where there are a number of swing highs going back to February 2015 (see chart below).

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