Coming to the end of the EU session (post FOMC technicals)

22 Eyl 2016

We have seen some EUR strength and are approaching the 23.6 fib level but there is some traffic in the way of moves higher. The level to look out for would be the psychological 1.13 handle which is in close proximity of the 23.6. Keep an eye on is the fact that the EUR is overbought against many of its crosses so this may cause a pullback.