This week we had a lot of fundamental influences in the markets. Most importantly we had the FOMC Interest rates decision this week which caused a lot of volatility Thursday and Friday, which saw the Euro move 140 pips to the upside. Friday saw a complete reversal as we ended the day with a bearish engulfing candle which suggests a possible move to the downside. Also on the weekly timeframe we have a doji which suggests some indecision between buys and sellers. a break below the CTL ( current trendline) Would lead us to the downside target at 1.0830. However there is still a possibility of Euro not breaking the trend line and hitting 1.1700 as my previous analysis suggests
