EURUSD touched a one-week high of 1.1746 on Tuesday before quickly retreating below 1.1700. The pair now sit on the 20- and 50-day moving average and may fall back further if the FOMC releases a hawkish statement. The upside for EURUSD remains at 1.1791, the July 9 high, while the November 7 swing low at 1.1554 remains a medium-term target for bears. The double-low just above 1.1500 should provide solid support for the pair.
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