Next Wednesday December 16 is a highly anticipated date for market participants. The Fed is scheduled to announce their latest assessment of monetary policy and the expectation is for a 25 basis point rate hike. Leading into this meeting, we wanted to take a step back and assess the technical patterns for the EUR/USD before the meeting so we can be mentally prepared during what could be an emotional day for market participants. There are 3 higher probability Elliott Wave counts we are watching going into the announcement. Each scenario is mapped out with some key levels to watch. EUR/USD is currently near 1.10. This ... (full story)