$ sold off–equities, gold, bonds in demand post FOMC

EUR/USD: With no downside follow through shorts were already nervous and started pushing the buy button passing the 1.2899 resistance, the point where we broken the past weeks pattern of falling tops. The result became an impulsive stop loss rally bringing prices up above the 61.8% Fibo resistance, 1.3163, before stalling. To make any calls from here, either than the June peak of course being the key resistance, will be hard until the dust settles. Offers primarily seen between 1.3163 & 1.3275.

Read the full report: Technical Alert

 

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