Trying to Breach Weekly S1 @ 1,2305

FX:EURUSD   Euro / U.S. Dollar
Price plunged yesterday after a rather hawkish
FOMC and is now close to the bottom range that has
been in play since five weeks. Retail Crowd has again
turned net long EurUsd (since yesterday) which as of
today has increased (Alpari positions). This along with
the PA itself warns of further losses and possibly a test
of 1,22 level. Critical right now is the Weekly S1 at
1,2305. Watch closes around this level.