The area of resistance in the 1.2785/1.5800 area is history now as the dollar is dumped with both hands after the FOMC gives the market the wink, setting the stage for QE as soon as the mid-September FOMC meeting.
Look for the 1.5775/85 area to act as solid support on pullbacks near-term. 1.5904 is next resistance, the 61.8% retracement of the 1.6297/1.5270 decline.
