Dollar moves up and down and all around after FOMC decision

Back to where it started in up and down market

The dollar has moved up and down all around after the FOMC statement.

The EURUSD has moved above and below the 100 hour MA at 1.2414. The low stayed above the 38.2% of the move up from the January 17 low at 1.23945 (low reached 1.2397). The high reached on the spike higher. We are currently moving lower now and looks toward the 38.2 level. Below that 1.23837 is the next target. The 200 hour MA is at 1.23598 (and moving higher).

The USDJPY fell to a low of 108.98 - ahead of the 100 hour MA at 108.898. The price is back up and trading at 109.31. The 200 hour MA and 38.2% retracement comes in at 109.50-52.

The GBPUSD is currently trading back toward the 100 hour MA at 1.41417. It too had an up and down run.

Overall, the dollar is now getting stronger with targets in sight.