Profit taking weighs USD ahead next week's Fed meeting nL2N2WR0FL

EUR/USD rebounds 1.0470-1.0593 from slightly oversold situation

Pair has risen back above base 20-day Bollinger bands at 1.0539

A minor consolidation perhaps within 1.0540-1.0750 may follow

A deeper drop is likely to follow the consolidation phase

Next targets for this drop are 1.0455 and then 1.0283/1.0245