The pair broke out of a triangle yesterday and is very close to finish it's measured move. What happens after that becomes very-very important. If we move past the measured move Target, I'd say we might have a bullish case into the FOMC press conference. But if we turn around and come back quickly towards the support, I'd say the market is positioning for lower values, especially when the support is broken before the event.
Watching this one closely.
Watching this one closely.