The EUR/USD pair, from Tuesday and part of Wednesday's session remained motionless, trading above 1.34, a value that looked very high, without significant fundamental to justify it. After the Fed's announcement this pair fell in a few hours more than 200 points. However, observing the graph we notice that this pair has broken the first weekly support of 1.3219, and further down at 1.3190 is dynamic support that above this level has led to levels of 1.34, 1.36. If the euro loses this level, i.e. if the pair closes the week below this level the fall of the euro could accelerate to the area of 1.3092. However, if you look at the bottom of the chart you notice that Momentum Indicator broke the line of the moving average of the MACD which means that this pair may fall to the 1.30 area for the next few days. So it is recommended to sell if there is a pullback towards 1.3304 zone, with short-term objectives to 1.3090.
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