The BBH analyst team commented that if the EUR/USD fails to break above 1.4000 post FOMC, it could be frustrating for the bulls. "The euro has traded above the $1.39 level on an intra-day basis for the sixth consecutive session". "While many are looking for a push above $1.40, a failure to do so today after the FOMC meeting could be frustrating for the bulls". "But to really inflict any pain, the euro has to be pushed through the $1.3840 near-term base built and, probably, through the $1.3800 level that marks the top of the previous 5-cent 5-month trading range".