By Chris Becker
The USD has recovered slightly from the post FOMC dovish sentiment move as US stocks continued their rally as solid earnings reports keep coming in. European shares are a little rattled by the Italian recession now baked in while German unemployment was unchanged, the ECB is looking down the barrel of more easing, which has taken the heat out of Euro.
Looking at the Asian session yesterday first, where the Hang Seng Index eventually finished more than 1% higher to 27942 points, strongly building a series of daily closes above the previous false break high above 27100 points. The daily chart shows how by clearing this level sets up for a possible rally up to the pre April 2018 support level near 30000 points:
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