The EUR/USD is returned by the fractal 1.3005 after it fell to 1.2916 yesterday, as the Federal Reserve announced that it would leave interest rates and monetary policy unchanged.
Today we can consider two scenarios. The first if the pair closes 4 hours charts above 1.3005, an upward move to 1.3120 is likely to be extended. The second is if the pair trades below 1.30, a correction to the line of the bullish channel is likely to occur. It is recommended to buy at this level with targets up to 1.3120.
For several weeks since August, it is getting more complicated to consider the rate of the pair as there is uncertainty over Greece and Spain, weighing on the euro. Therefore, it is recommended to exercise caution and operate with low leverage.
Technical indicators are showing a continuation of the upward movement.
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