The USD Index is currently testing the key double top neckline and 38.2 fib. We expected the price to test reject this zone from a technical point of view and if the daily chart closes below this level we could see a continued sell-off. However, the FOMC is set to announce rates and all eyes will be on the Fed's next steps. If they are dovish and mention more than one rate cut through 2019 then we could expect a large sell-off.