EURUSD Settles into Key Support Ahead of FOMC

6 April 2016, 23:27
Francis Dogbe
EURUSD has been on a tear in recent weeks. The single currency is up more than 500 pips from the March 10th ECB low and is currently finding support at the 1.1340 handle. I mentioned this level in the most recent weekend commentary, noting that it could offer a favorable buying opportunity if tested before the next leg up. The bullish price action on the 4-hour chart could be what the bulls need to push the pair back to October 2015 highs. The 1.1490 area is represented by Several highs from February as well as mid-October of 2015. Just above that, we have former channel support that extends from the 2015 low, a level that is ... READ MORE
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