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Trading the Fed rate decision with EUR/USD - scenario study

FX:EURUSD   Euro Fx/U.S. Dollar

The scenarios are quite simple –

A 25bps rate hike, with a dovish Dot chart could push the EUR/USD             pair lower to 1.0750 levels.
A 25bps rate hike, with a hawkish Dot chart (less probability) could push the EUR/USD             pair to 1.05 levels.
A less than 25bps hike could see a drop to 1.0750 followed by a quick fire correction. The dip could be utilised to initiate long EUR/$ positions.
In case, we do not have a rate hike, be prepared to jump into longs at the first sight as the pair will head towards 1.15-1.17
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