FOMC meeting minutes the big event for the day
The EURUSD is up on the day, following the overall trend of the US dollar. The pair has been able to stay above support against the 100 bar MA on the 4 hour chart (see blue line in the chart below) That level comes in at the 1.0830. Trend line support comes in at 1.0820. This area (it really can go all the way down to 1.0810 where the 38.2% is found) is a key support level for the pair. Stay above and the buyers have the edge.
Above the 200 bar MA (green line) at 1.0920 will be eyed today. The pair moved above this level after the weaker than expected employment report but rotated back down on Monday/Tuesday. With support holding below, today has a firmer bias.
