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EUR/USD at Trendline Support

EUR/USD is coming off a price bottom and broad USD-weakness following the FOMC event risk.


(eurusd 4h chart, 6/20)

After the rally stalled at 1.3643, traders faded EUR/USD. As we get into the 6/20 US session, the pair fell to a rising trendline and is showing support there so far. 

A break below 1.3560 should clear the trendline as well as the 50-4H SMA. You can argue this is a bearish continuation signal off of a flag breakout. This should have traders focused on the 1.35 handle and the 1.3476 low on the year. 

If price can hold above 1.3560 and climb back above the 1.36 handle, upside risk remains toward June's highs around 1.3675.