The Dollar has been soaring since yesterdays FED meeting and is nearing the upper end of the recent dec/jan range. If DXY can make it above the 96.95/97.00 treshold we may see the next spike higher to the interims high at 97.80 (30jun2020). But the barrier to the top is large and Powell was not excessive hawkish. Keep that in mind as the Dollarindex has rallied 2.30% already since the low from the 14th of january.
Inline with the strong Dollar the currency pair EURUSD is trading above the crucial 1.1186/1.1175 support zone. The Euro is 280 pips off the january highs and 1.1195 might be a tactical buy level. But you have to trade carefully, because below 1.1175 it can go down very quickly.
Good luck,
Sebbo