EUR/USD Update – 28/09/2017 (11:20am) – by Arjun Lakhanpal

EUR/USD Update – 28/09/2017 (11:20am): EUR/USD’s outlook on the charts is negative following the erosion of the 5 month uptrend and the 1.1836/23 September lows and we look for further weakness to initially to the 1.1662 August low and then the mid-June high at 1.1296 and the more important 1.1110 end of May low. Intraday rallies should fail ahead of 1.1820 and remain capped by 1.1908, the 20 day ma.