Spot Price: 1.1958
Technical Analysis:

O/N failure into the 10-day MA line just below 1.2000 took prices down near the post-FOMC spike low of 1.1910, but by then hourly studies were in o/s territory, thus the rebound toward the range center since. This is exactly the sideways chop we expected in the wake of the daily channel bottom near retest Mon. Channel top is at 1.2050