The EURUSD pair has seen a strong rejection from the 1.3415 area range resistance post the FOMC event risk today. This area is a 61.8% Fibonacci retrace of the last major swing and an area aligned with the Weekly 200 SMA. Our recent updates have noted that we see the 1.3240 area as the key potential near-term EURUSD support. We note that this area is now aligned with the 23.6% Fibonacci retrace of the last move higher. There mat be an element of initial profit taking around this area. Any sustained downside has the 50% retrace and 200 day SMA around 1.3030 as a technical point of interest. Further to this is the key ... (full story)