Post-Market Insight: Bernanke

USD-EUR-GBP-JPY
Reading the post-market behavior after the Fed Chairman's comments have reflected the undertone of its monetary policy. While sparking a rapid decline for the USD, where trader-investors rushed for short-covering actions when the European majors rallied more than half-way through their declines.

The USD's initial decline have touched our low objective @83.05 and continued with an opening gap in the Asian trading session today. While price action after the opening levels started moving higher providing a corrective decline contrary to its European counter-parts with the EURUSD @1.3026 from a high @1.3205.

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