It's a big week ahead for currencies... FOMC will no doubt influence the direction of the US Dollar
and price action says the EURUSD
is going lower. The clear hot zone comes in at around 1.0900 and we would expect a heavy battle if price were to re-enter this level into the news, or upon receiving data from the Fed... Chances are high that the EURUSD
could spike, and certainly stop hunt around this barrier, but irregardless - the odds still play this one to the downside. Time will tell, but if this is a real short - then it will be one of the bigger trades on the year.