I said at 1.3822 in my earlier post that it was struggling to rally and we’ve now taken out good bids at 1.3800 to set up a challenge on key support around 1.3780-85
The teflon-coat is looking a little tarnished in the wake of the post-FOMC price action and we’ve seen real money sellers in the pair adding pressure elsewhere.
USD is generally wanted with USDCHF up at 0.8834 but with EURCHF still capped at 1.2200 for the moment.
With the expected demand at 1.3785 it’s all delicately poised and posting 1.3802 fr0m 1.3796 as I type.
EURUSD H4 20 March
