There wasn’t any surprises after FOMC meeting. The rates are still on the same level but possibility that they will be hiked on September’s meeting increased.
Huge volatility occurred on EURUSD as it was expected. First the price tested 1.0960 and subsequence it crashed through resistance at 1.1040. Due to this, EURUSD left consolidation channel 1.0960 – 1.1040 in which it moved for more than a week. Currently the price is moving to 1.1160 level. However, EURUSD may reach even higher 1.1320. Upper limit of the bearish regression channel (blue lines on the chart D1) and next resistance coincides at that level.
