Dollar moves lower after the Fed


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    A look around


    The EURUSD has moved  higher and has tested the 100 day MA at the 1.1193 level. The 200 hour MA comes in at 1.1206.   The price moved above the 100 day MA yesterday and failed.   The support should come in at the 1.1176-79 area which is broken trend line and the 100 hour MA.  A move below muddies the water for buyers. 


    The GBPUSD moved higher and above a trend line at the 1.3008 area. The 1.2992 will also be eyed as support if the buyers are to keep control> That was the low from Monday and close to the low from Friday. 


    The USDJPY has moved below the 100.61-68 area. The 100.61 was the highs from August 24/25. The 100.68 was the low from August 2nd.  Stay below is more bearish for the pair.  The low reached 100.34.   

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    This article appears in: Investing , Forex

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