Quote from jj69:
Having taken out the level we were at before the fed rate move(1.362), looks like we're gonna be ranging a bit before the next plunge. Wouldn't be surprised to see it touch or pierce the upper channel on 4hr chart at 1.372. There's also the record short interest(cftc data) so a short squeeze spike is in the cards. Bigger picture Euro is still toast b/c Fed will be raising rates before the Euros could.
Doubt it..........
http://www.reuters.com/article/idUSN198660420100219