After the FOMC statement, the US Dollar appreciated against all currencies, this movement could end the correction, the buck will resume the growth started this year. The downtrend is still intact, so, we can see new lows very soon. The next support can be found at 1.2500 but the price is expected to go even lower.
By Olimpiu Tuns – Owner and Market analyst at http://ovtbusiness.com/en/