Today at 18.00 London time, the Federal Reserve will announce a decision on rates (unchanged at +2.375%) - and a comment on the state of the economy.
Everyone expects that the comment will be soft - the market will assess how soft.
It is likely that the Fed will signal the beginning of the dollar's trend against the euro and the pound.
The euro is ready to go out of the 5-month range of 1.1200 - 1.1600 and start the trend.
We are ready to buy the euro from 1.1365.
Alternative: we are ready to sell the euro from 1.1175.
The material has been provided by InstaForex Company - www.instaforex.com