No news, but shorts are worried
The dollar long trade is well known. And with the FOMC on deck, the shorts are feeling nervous. As a result, the pair is moving toward resistance against the 1.3640-50 area and not far from that, the 200 hour MA (green line in the chart below) at 1.0657.. The price has not traded above the 200 hour MA since February 26th. The consolidation has allowed the MA to catch up with the price.
Having the price between the 100 and 200 hour MA sounds like a logical place
