eurusd – general update.

Market has probed through the 1.4223 level and dropped back fairly impulsively into the range. Further gains can’t yet be ruled out however; the market has at least so far held above the minor level at 1.3870 and it would really take a conclusive break of the old swing low at 1.3693 to indicate a potential completion of the move up off the August low, leaviong a significant high in place.

Above, 1.4400 and 1.4577 remain valid possibilities.

Category: EURUSD, Technicals Comment »


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