EUR/USD: A 1.33 re-check should be sold into. A prior bullish benchmark candle mid-body point and a short-term 38.2% Fibo retracement ref have shown support. Near-term conditions have become stretched in the post FOMC rout and this is in the process of becoming corrected. A re-check of the recently broken (blue) 8day “Conversion line” near 1.33 seems likely but such a move should also attract sellers. Under yesterday’s low (1.3161) would turn focus to 1.3125-1.3105.
Read the full report: Technical Alert
SEB