• NY opened near 1.1385 after 1.1403 traded overnight, the pair extended its drop early

• 1.1375 traded as the US dollar and US yields traded firmly

• EUR/USD then rallied towards 1.1400 as USD buying abated but selling took hold again

• Drops in stocks, gold, silver & comments from Pres. Trump helped EUR/USD near 1.1375

• Was trading around 1.1396 just before Fed announcement

• Post-Fed high was 1.1466, a touch below the upper 30-d Bolli at 1.1475

• The gains carried EUR/USD above the trend line off the May 11 high, 10- & 21-DMAs
eur post fed


(Christopher Romano is a Reuters market analyst. The views expressed are his own)