![USD: PPI Sends The Dollar Flying](/storage/article/39274/preview/MonBHZOCsqlpzgJ6_2560x600_q70.jpg)
Following yesterday's dovish Fed announcement, market expectations for a full 25 basis point hike from the Fed's yearly outlook were scaled back, causing the dollar to weaken. Consequently, EUR/USD saw gains as the dollar depreciated, testing resistance levels around 1.0942 and 1.0960, which correspond to Fibonacci retracements of previous...