The Fed did not surprise the markets, which means that traders came back to the dominant trend that is with us for the past few months, at least on the Dollar. EUR/USD cancelled the buy signal that was triggered here on Wednesday and opened a new direction – south. Instead of the iH&S pattern, we got a flag (green) and a comeback below the down trendline. The sentiment is negative and we should see a slide towards the 1.13
EUR/CHF also goes lower. Buyers wasted a chance for a breakout of the neckline. Instead of the Inverse Head and Shoulders, we received a flag and a breakout to the downside. Situation is very similar to this one described above.
Last instrument of the week is DAX, where we also see a decline. In this case, we also have a failed iH&S pattern. The price did not manage to break the neckline and went down. To be honest with You, even with the breakout it would be hard to predict a future rise. As long as we stay below the blue line, the sentiment here is bearish.