EUR/USD has retreated from high of 1.13602 after Fed removed the reference the global risks in Apr statement .It is currently trading around 1.13163.
The has kept its interest rates unchanged and took a wait and watch mode toward future rate hikes.
Short Term trend is slightly as long as resistance 1. 1400 holds .
On the higher side major resistance is around 1. 1400 and break above targets 1.14600/1.1500.
The major support is around 1.1270 and any violation below targets 1.12150 ( Apr 24th low)/1.1150/1.1050.
Short term reversal only above 1.1460 level.
It is good to sell on rallies around 1.1345-1.1350 with SL around 1. 1400 for the TP of 1.1230/1.12150.