The EURUSD wiggled around on Wednesday but finished the day where it began. The FOMC left the possibility of QE on the table. This may be just enough to keep these markets hoping for more. If that is the case we may see the EUR continue to drift higher until negative news out of Greece spokes the markets or NFP come in higher than expected.
Of course I could be wrong. Lets take a look at the big picture once again. As long as the cross remains above the trend line that has contained price action so far this month the path of least resistance is higher. Trends line support currently comes in around 1.2620. If we break below this level and hold for at least a one four-hour click the first major support the cross would encounter is down at 1.2440. Resistance rest at the weekly highs at 1.2750 and the 50 fib at 1.2784. A break of this zone would expose the 1.29 level.
Summary: As long as the cross remains above the trend line currently at 1.2620 the pair will push higher.