The EUR/USD started the day falling below a consolidation range and breaking a rising speedline. The better than expected GDP helped the USD across the board initially, but the EUR/USD climbed right back from the 200-hour SMA up to the consolidation highs around 1.33 before FOMC event risk. After the statement, the market was volatile and ended the hour above the consolidation, signaling a bullish continuation at least in the short-term that opens up the 1.34-1.3411 resistance. At this point, a break below 1.3260 pivot can spell trouble for the bullish continuation scenario. The USD/JPY rallied after the GDP data, ... (full story)