As expected, we did not see any major moves yesterday as the market is on hold for Wednesday's FOMC report. The only action happened late in the evening, when the price suddenly jumped almost 40 pips as a result of a rumor that a journalist tweeted. The rumor was regarding the outcome of the FOMC meeting, and clearly implies two things: low volatility at the moment and the fact that all traders are waiting for tomorrow’s news.
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Buyers could not hold the high, rumor-based levels and the price fell back to the place where it all started. Technically we are still on a buy signal. The price is under the uptrend line, but it is still above major supports at 1.3310 and 1.3270.
The area around 1.3380 seems to be a very important resistance for now, and we cannot expect it to be broken today.