EURUSD rejects weekly lows to trade new session highs

The inflation data earlier today sent EURUSD through the weekly support of 1.3785 to trade 1.3773 on my screen, strong buying interest has taken the pair straight back up again to trade new session highs of 1.3835. The main focus remains on this evening and the FOMC, any hawkish rhetoric from Yellen should give enough to send EURUSD lower, for now keep an eye on the weekly highs of 1.3878 and the 1.39 psychological level.

EURUSD 5 minute chart