Aggressive sales were observed on EUR/USD yesterday. That happened due to the Fed comments. The regulator reported about weak prospects of the inflation growth, which is below the 2% target level. Nevertheless, the technical picture is ambiguous now. I don’t rule out a correction in the near future. I highlighted the following key levels and will open positions from these marks.
Support: 1.1715, 1.1680
Resistance: 1.1745, 1.1775
I’ll sell EUR/USD if the price fixes lower the 1.1715 local support. Potential movement – to 1.1680.
I’ll buy it, if the price fixes above 1.1745. Target movement – to 1.1770-1.1775.