Keeping the buyers in control
The EURUSD has corrected 38.2% of the trend move higher over the last few hours and moved back higher. The buyers remain in control. The shorts are getting squeezed once again in trading today. The EURUSD has moved up 135 pips in the last 2 1/2 hours. The visions of the FOMC day are fresh in peoples minds.
Looking at the hourly chart below, the 1.0794/1.0800 and 1.0824 are the next targets.
