The EUR did exactly what I expected yesterday. The EUR reacted from the critical support at the price of 1.1192 and rallied very well on the upside. Our up targets are still in the play at 1.1270 and 1.1310. If you have long position from yesterday, it is good idea to exit partial or at least move your stop on the breakeven.
The fundamental focus now shifts to the FOMC meeting minutes later in the day. On the 4H time-frame I found that there is bull cross on the Stochastic and MACD, which represents short-term upward trend in place. It is interesting that EUR rejected exactly from the Pitchfork median line, which served very well like support. If you see the break of the 1.1310, there is chance that EUR may go to 1.1400.