I think the Fed's action, totally ignoring poor economic data, indicates their desperation to normalise monetary policy. This is mainly to ensure they have room for monetary policy stimulus in the future.
There is a channel which has been broken and unsuccessfully retested on the 4H chart. There is also good support from the 21-day and 50-day moving averages underneath price.
There is a channel which has been broken and unsuccessfully retested on the 4H chart. There is also good support from the 21-day and 50-day moving averages underneath price.