EUR/USD broke through all support after the FOMC announcement and even surpassed our 1.3100 target. Further downside expected from a technical point of view though a minor correction can be expected. Downside targets are 1.3010 and ultimately 1.2930/50 area. The upside is protected by 1.3150 and 1.3225. Near term more downside, but longer term we still focus on the 1.3660 top and a try higher to 1.3900.