Even though EUR/USD printed yet a fresh 7-month high of 1.3568 during the European session, some consolidation, and even correction, seems only natural after the steep rally. The pair gained more than 200 pips over the last sessions ever since the Fed said no 'Septaper' against all forecasts, hammering the greenback across the board.
EUR/USD remains bullish
At time of writing, EUR/USD is trading at the 1.3560 zone, 0.3% above its opening price and up 1.4% from pre-Fed levels. "The uptrend has been renewed and with the reliable support at 1.3450 area the outlook here remains bullish, for a rise towards 1.3710 high", says Stoyan Mihaylov, analyst at DeltaStock.com. "Crucial on the downside is 1.3324 support".