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Short

EURUSD: FOMC Minutes in the focus. The same drop happens again.

FX_IDC:EURUSD   Euro / U.S. Dollar
313 0 4
Next 24h, market pays all attention on FOMC Minutes where we expect a significant move in FX market from both volatility and volume .

Definitely, FED now is more confident than ever since the 2008 recession. Labor market improves steadily while inlfation is standing at 1.9% near FED's target at 2%. Market prepare all necessary conditions for FED to do A RIGHT DECISION.

So what does market actually hope in this Meeting ? more hawkish tone and more confidence. FED should use this meeting to prepare for December "liftoff".

There is one important thing I want to say: MARKET APPETITE IS CHANGING TO USDOLLAR             SIDE.

USDollar             is favourite. Dollar strength is reinforced across the board after FOMC Minutes : That is my final view.

- Technical Analysis

I see price action seems to repeat its action in the beginning of year.

EURUSD             dropped 1000 pips in February and set the year low at 1.0460. Current price is 1.0635, I think EURUSD             quickly drops to this year low.


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