The market reaction to the post-Fed reaction seems to be "oops, we might have overreacted". The dollar stormed back in trading yesterday and has completely erased the drop on Wednesday. What's more is that the greenback is now threatening some key technical levels on the charts. Let's get straight into that.For one, EUR/USD is now back down to test its 200-day moving average (blue line) at 1.0838 again. The key level is what helped to arrest the drop from earlier this week and is now challenged once more. A break below that will see sellers exert more downside control and look towards 1.0800 next. Keep above and buyers will still have some room to work with going into next week.The BOE did n
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