(amends link to short position story )

• EUR/USD jumps to 1.1470 after Fed hold and reaches 1.1475 Thursday

• EUR/USD traders established a short position toward the bottom

• The rally faltered ahead Jul 15 peak at 1.1482

• Pair peaked after it reached top of 20-day Bollinger Bands

• Oil has jumped after more fighting in Middle East weighing EUR/USD

• Yuan strength, euro resilience may redefine what is a safe currency

• Resilience of EUR/USD support sets stage for 1.2165

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EUR/USD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)