After a hawkish FOMC minutes USD rallied in to the asian session. Looking to continue the USD strength in to todays session. Technically eurusd broken its longer term TL from Dec 2018 indicating a trend change at least in the short term.
A brief push above 1.23, price would run in to several resistance points. Price would be testing the long term TL from the other direction, its daily pivot and also a 50% fib retracement from the high of the event last night. Looking for an entry around the 1.2310 mark.
Targets to the downside: 1.2260 (todays low print) 1.2235 (jan 12th low) 1.2205(jan09 low)
A brief push above 1.23, price would run in to several resistance points. Price would be testing the long term TL from the other direction, its daily pivot and also a 50% fib retracement from the high of the event last night. Looking for an entry around the 1.2310 mark.
Targets to the downside: 1.2260 (todays low print) 1.2235 (jan 12th low) 1.2205(jan09 low)