A Very Confusing Euro-Dollar EURUSD Chart

This was the 4-hour chart before today’s Fed decision.  Which trend line is the reliable one?  1, 2 or 3?

  1. EURUSD broke above the downtrend line #1; therefore, it was on the short term uptrend line #3,  OR
  2. EURUSD is still in the downtrend channel and unable to break above the resistance #2.


After the Fed decision, it was clearly #2 that was the correct answer.