EUR/USD slips after Fed remains on hold- now its over to Jerome Powell

So, the dollar is gaining some traction after the Fed decided to leave all aspects of current monetary policy unchanged this evening. That was very much the expected outcome and it has served to rescue the dollar. That is the case versus the Yen, as just noted in the previous update, but it remains to be seen if the US currency can hold all these rebound gains ahead of the Fed boss press conference, at 6.30pm GMT. The rebound in the dollar has pushed the EUR/USD close to the 1.0800 handle again, but it was heading that way ahead of the Fed decision. The low after the Fed has been set at 1.0802 and the reader is once again reminded of the recent low seen this week, at 1.0798. It could be ups to Jerome Powell now to dictate whether or not that 1.0798 low remains intact. It really all depends on how hawkish his rhetoric is this evening, or not as the case may be. The EUR/USD is currently trading at 1.0806