EUR/USD ran corrective bullish around 1.1328 and expected to reverse bearish until hitting support level at 1.1272.

Dear Traders,

EUR/USD ran corrective bullish around 1.1328 and expected to reverse bearish until hitting support level at 1.1272.

Euro was previously sloping down following recovering Greenback and market's sentiments post-FED's hawkish tone. NBC reported US dollar gains and US Treasury Yield scored two-week highs in advance of FED's interest rate hike signal expectations.

 

Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD