As I mentioned yesterday I find it quite hard to predict, whether EURUSD will keep it's channel, or does it establish a new uptrend.

In spite of uncertainty there is some opportunity in front, which comes with FOMC statement with interest rate. Whatever will happen There must be some high volatility action either up or down.

My strategy for today will be definitely bet on that volatility, however as I'm not sure about direction, it's gonna be some option trading [I will buy some cheap put and call option short before release just to sell both when price will show 50 points spike, hopefully to obtain 1:2 Risk-Reward ratio. However If at the time of my transaction price will be testing top channel line [coincident with pivot S2 point] I see a big chance that keep with my option till the end of a day may be even more profitable.


There is also quarterly GDP release that may bring some nice price action. Personally I would be more interested in long position on good news than in short on bed.