The Euro is slightly bid on Wednesday, following past two days in red. Pullback from 1.0713 high was so far contained bat strong 1.0600 support zone (daily cloud base) where daily Tenkan-sen / Kijun-sen bull cross is forming.
Technical studies are mixed with no clear direction while the pair is holding within 1.0600/50 range (span of daily Ichimoku cloud with cloud top reinforced by falling 100SMA).
Markets are awaiting Fed, with rate hike being widely expected, but focus goes towards Yellen’s press conference, to get more hints about central bank’s next steps. Another event today that would influence single currency’s performance is elections in Netherlands.
Res: 1.0653, 1.0678, 1.0700, 1.0748
Sup: 1.0603, 1.0577, 1.0545, 1.0524
