Price increased sharply after the FOMC and jumped much above the first warning line (wl1) of the minor ascending pitchfork, but found strong resistance at the 150% Fibonacci line (ascending dotted line). Is pressuring the wl1, a retest of this level followed by a decrease will open the door for a decline towards the upper median line (uml) of the ascending pitchfork. Support can be found also at the 0.7989 level and much lower at 0.7874 static downside obstacle.
