USD has been supported by the strong economic reports and today policy report from the Fed will bring some volatility to the market.
The support rests at 1.22750 with resistance at 1.23390 which both lines are below the weekly pivot point at 1.23990. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signal.
The downward trend will continue towards 1.22.

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