It will be ranging until the FOMC statement later.
A fall in equities following the statement should be followed by a sharp decline in the Euro. Until then, it's anyone's guess.
If the statement is positive, then it's expected that the uptrend will continue. We should then see 1.3070 tested very soon after that.
For those with positions within this range right now, I'd suggest closing them or putting a very tight stop loss nearing the statement release.
A fall in equities following the statement should be followed by a sharp decline in the Euro. Until then, it's anyone's guess.
If the statement is positive, then it's expected that the uptrend will continue. We should then see 1.3070 tested very soon after that.
For those with positions within this range right now, I'd suggest closing them or putting a very tight stop loss nearing the statement release.