TECHNICAL ANALYSIS BY NSFX 20.09.2015
The rate developed a medium term bullish channel, and now that the pair is above its 200SMA is likely a test of 1.1620, the last month high. Above this area long term buyers can lift EurUsd to test 1.185 and then 1.2. In case the rate will trade below its 200SMA it would test the lower side of the channel, now at 1.1. Beneath this level EurUsd can test its 2015 low at 1.0457.