Dollar continued to move higher after a brief reprieve after the FOMC decision
Some ideas from moi.....
- If you like the counter trend trade, the EURUSD stalled near a lower trend line and the 61.8% of the move up from the November low at 1.19355. I would only do this with a very short leash. A move below the trend line is bearish.
- The GBPUSD is getting closer to the 200 day MA. Again it could be a counter trend trade to buy against the MA line. It is just a trade though. The MA comes in at 1.3531. At 1.3571, do nothing (but shorts are in control still).
- The USDJPY is above the 50% at 109.66 and below the 200 day MA at 110.205. If the price dips to the 50%, could lean against the level (risk a move below) , for the test of the 200 day MA.
