The USD has moved sharply lower after the Fed lowered the EOY rate projection to 4.6% from 5.1%.
- The EURUSD moved above the 200 day MA and 38.2%.
- The USDJPY moved lower and below a swing area between 144.399 to 144.54. Stay below that level is more bearish.
- The GBPUSD moved up to test the 200 hour MA at 1.2586 and stalled. Getting above is more bullish
In the video, I look at the above and more.
This article was written by Greg Michalowski at www.forexlive.com. Source