he EUR/USD jumped up from 1.27 today after worse than expected durable goods data, which pressured the USD across the board after the release.EUR/USD 1H chart 10/28(click to enlarge) We saw the EUR/USD accelerate after floating in a rising channel for a few days. The poor US data helped EUR/USD pop up above the moving averages, and the 1H RSI has tagged 70, showing bullish momentum in the 1H chart. After the weak durable goods data, we got strong consumer confidence data from the conference board.CB Consumer Confidence (Oct.): 94.5Forecast: 87.4Previous 89.0(click to enlarge) This brings the index to a 6-year high, and gave the USD back some strength, but this week's drama with the USD is not over.Now, the big fundamental factor is tomorrow's FOMC statement, so the EUR/USD might be mostly done with its bullish push today, though there could be some further near-term bullish momentum to push it toward 1.2780 a common support/resistance area.Let's see how the market reacts after the FOMC. If it can break above 1.28 then hold above 1.2750, the bullish correction outlook in October might be here to stay. However, a break below 1.27 is likely a sign of bearish continuation, since it would be a breakout from a flag pattern.