EURUSD stays below resistance above at 1.0834 through the meeting headlines
The EURUSD is making new lows, after the Fed minutes failed to inspire a move above the resistance at the 1.0833 level (see prior post). The low price has come in at 1.07625 which is just above the next target at the 1.0756-59 (see pre-report). The 1.0759 is the low from September 2003. The 1.0756 level is the midpoint of the move up from the March low to the high reached on March 26th.
The USDJPY has pushed higher in the last few minutes and moves toward the unchanged level on the day at 120.29. A move above has additional resistance at the 120.32-35 level where the highs from March 31/APril 1 are found. It will take a break above this level (and stay above) to solicit more upside momentum.
