After knocking on the upside for the last two sessions the lack of a break through 1.1385 has seen the euro turn lowers and we’re now heading towards a test of 1.1300.
We have the 55 & 100 h1 ma’s at 1.1303, which could contain if this is just the single currency meandering around ahead of the FOMC. Failing that the 1.1290 level played it’s part in resistance last week.
EUR/USD H1 chart 28 01 2015
