Yellen awaited. 1 or 2 hikes remains.
The EURUSD fell at first. There was a headline that said two rate hikes, but a look at the dot plot shows lower rate increases in 2016. So the pair shot back higher. The pair extended below the lower trend line. It has now extended above the higher trend line. Both extensions failed. There is likely another move. If she can say September but according to WSJ Hilsenrath, the vote is 7 of 17 for September. That is not the vote of confidence for her to come out with "September will be the date". The 100 and 200 hour MA should be a line in the sand now for risk and a patient place for buyers to buy against A move above the 1.1329 will be better news for the pair.
