The markets remain volatile but the price reaction in the EURUSD through the FOMC meeting minutes was first to the upside and then back down. The low in the first minute was 1.2563. the high extended to 1.25988. The low after peaking went down to 1.2550. The midpoint of that range is 1.2574. The 13 day high has come in at 1.2577 on two occassions (see hourly chart).
The 1.2577 is still eyed above as resistance.
Will the 1.2577 level now hold. The volatility is still not out of the market but the level is being tested as I type. If it can hold the buyers give in. If it goes above, there may be that squeeze up to the 1.2619 area still to come.
The EURUSD remains in a volatile state. The 1.2577 eyed as resistance again?
