Forex technical analysis; EURUSD suddenly on fire
Well relatively. EURGBP and EURJPY helps…
The EURUSD is trading above the next target at the 1.1331 level (high for September) with the next target being the August 27 high at 1.13629. The 50% of the move down from the August 24 high comes in at 1.13989. That needless to say is a stretch but represents a key target level on the upside should the bullish bias keep running. Watch down to 1.1319 for support on dips. A move below that level would call off the intraday bulls.