EUR/USD rebounds from yesterday's low

EUR/USD touched a low of 1.1161 but has stormed back to 1.1245.

I don't think Yellen did enough for stocks and that will hurt risk trades, something that's benefitted the euro over the past two months.

Technically, the low virtually matched yesterday's low point of 1.1162. There is also a minor inverted head and shoulders on the intraday chart. The break above 1.1000 last week was a technical milestone and the reversal today re-emphasizes the bullish bias.