Today's lows are one small step from the FOMC bottom
The day after the FOMC the euro fell as low as 1.0367 before rising. A rather tepid bounce since then has been washed out over the last two days and we're walking a thin line between the day's lows and the FOMC low.
EURUSD 15m chart
A break there will put some pressure on the bids and stops around 1.0350 and there might be some traders who have one eye on the barrier at 1.0300.
Technically there's not a lot going on below until around until the 1.0185/1.0200 area.
1.0400 is the main resistance but we're seeing that defended around 1.0390. If we do break up then 1.0415/20 is next.
No doubt we'll be seeing vastly reduced liquidity as the days roll on towards the end of the week, so while that means that the bigger orders & levels should stand up to any attacks, it may not take as much to get the price there in the first place.
