FXStreet Chief Analyst Valeria Bednarik observes that the EUR/USD gave up all the ground added after FOMC, with dollar and yen strongly up on risk aversion.

Key quotes

"Having warned on market complacency just yesterday, stocks entered a selling spiral that points for a strong and continued slide for today."

"As for the EUR/USD technical picture, the hourly chart shows price holding right above 1.3600 figure, while indicators lost some of the downward potential but remains well into negative territory."

"In the 4 hours chart indicators present a strong bearish tone, yet hover above their midlines, not yet signaling a continued slide."

"The base of the range at 1.3570/80 continues to be the level to break to confirm a continued slide in the pair."

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Forex pairs in this Article » EUR/USD

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