HomeContributorsTechnical AnalysisEURUSD Approaching *TRUMP* Levels; Will EURUSD Fall or Become Stronger?

EURUSD Approaching *TRUMP* Levels; Will EURUSD Fall or Become Stronger?

Traders welcome back for the US updates. We can see nice move up on EURUSD towards 1.13000 after some bad US data. It appears that euro may hit a new high here, but again there is an important "Trump Level" coming in at 1.13 from Nov 09 2016 when Trump won the US elections. Back then 1.13 played out an important role from where price fell sharply so it appears that it will be tested during another important event; FOMC because of a potential new change in rates. technically speaking a decline may follow after the FED today, especially if our new count will prove correct; an ending diagonal which remains valid as long as 1.1350 is not breached.

EURUSD,1H

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