EURUSD moves above trend line resistance at 1.1368
The EURUSD has moved sharply higher after the more dovish Fed, The price moved above the trend line at the 1.1368 level on the daily chart below. It is also moving above the 50% of the move down from the August high at 1.1398. The next key target comes in at the 1.1435-65 area where there are a number of swing highs going back to February 2015 (see chart below).
Look for traders to use the 1.13828 (38.2%) as support now. The price SHOULD NOT go below the 1.1368 level, IF the buyers are to remain in control. The midpoint of the move higher is1.1371. The 1.1368 is the trend line on the daily chart.
