Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EURUSD Explodes Higher As Uptrend Continues

Chart in Focus: Daily EURUSD

The EURUSD exploded higher today as the U.S. dollar weakened across the board on the back of news that the Federal Reserve bank of the U.S. will not begin tapering their economic stimulus program as many market participants had been expecting. We've been discussing the bullish momentum in the EURUSD and other major USD pairs in recent weeks, and we maintain that bullish bias. Traders can watch for price action buy signals on any rotations back to value / support in this market to trade in-line with the current uptrend.

1379555034- clip- 17kb