• EUR/USD -0.3% post-Fed, back testing the 200-day MA - a level that has held as a floor so far

• Break below here would be notable and open up 1.1640

• Fed unchanged as f/c, though three dissents on easing bias makes this is a hawkish hold

• Signals that incoming Fed Chair Warsh will find it hard to lean dovish from day one

• That said, EUR/USD downside likely capped near-term with the ECB decision ahead
EURUSD daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))