Open trading account 
The all-important FOMC meeting is now only 3 days away and we're already seeing plenty of volatility and two sided moves. The Euro opened the session at 1.1331, rallied to a high of 1.1372 then fell 90 pips to a daily low of 1.1282. We eventually closed the day at 1.1315, only 16 pips in the red.
The Pound had an equally unimpressive session, with swings from high to low of 97 pips but ultimately the GBP/USD closed down by only 4 pips. The USD/JPY is the only one that made some headway, with a decline of 30 pips today.
I expect more of the same as the FOMC draws closer, high volatility that doesn't go anywhere. I'm slightly biased toward shorting the EUR/USD but no valid setup has presented itself so staying on the sidelines.
The Pound had an equally unimpressive session, with swings from high to low of 97 pips but ultimately the GBP/USD closed down by only 4 pips. The USD/JPY is the only one that made some headway, with a decline of 30 pips today.
I expect more of the same as the FOMC draws closer, high volatility that doesn't go anywhere. I'm slightly biased toward shorting the EUR/USD but no valid setup has presented itself so staying on the sidelines.
