EURUSD remained flat and into consolidation mode on Friday and Monday Asian session after almost 175 pips drop post FOMC news event. We have seen some sellers stepping in London session taking EURUSD down towards 1.3760 level but fail to break last week lows of 1.3749. There was not much activity on this pair at start of New York session and then we have seen a massive 90 pips bullish move which was caused by some news coming out on the wires that "G7 energy ministers said to discuss sanctions on Russian energy and economy" which was treated as good news by traders for now.

From technical point of view price was at Daily demand zone and it was perfect opportunity for smart money to buy into this dip. Moreover, as mentioned in my previous analysis that based on technical analysis on higher time frames EURUSD still has lot of room towards resistance at 1.4100 to 1.4200 zone.


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