Based on the move before and during the previous FOMC meeting I made a projection of where the news later today could take us. If the market perceives the news as negative (for me the more likely scenario), we might break the 1.10 and reach into the previous "channel" between 1.1280 and 1.1500.
If news is perceived positive, we could go all the way down to the 1.05 area.
So ... are you going to trade before and during the FOMC, or are you going to wait till the dust settles ? Let me know how you see it and leave your comments below
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