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Sam_Eder
Jan 31, 2019 8:16 AM

DXY - Biased Lower post- FOMC Short

U.S. Dollar Currency IndexTVC

Description

Powell has changed the language in the FOMC statement and has recognized the worse economic and financial conditions. The Fed is now on hold and perhaps in the future may need to lower rates.

For now, the USD has closed below the interim support and is now biased lower.
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