EURUSD Loses 1.1800 Handle

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The euro currency was trading on a weaker note as price fell following the Fed decision.

This led to the common currency losing the 1.1800 handle.

It comes after earlier in the week, the euro gained only for the gains to be capped near 1.1900.

At the time of writing, the EURUSD is testing the rising trend line. Price action is somewhat supported near the trend line.

With the Stochastics oscillator also oversold, we could see some modest bounce.

But if the trend line support is lost, then we expect a move down to the 1.1715 level of support.

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