EURUSD falls to 1.1225 as the market positions itself for the FOMC
Trader chatter on the grapevine is that we're seeing some positioning as we tick down to the Fed. Stops were triggered through 1.1240/30 sending us top the low and liquidity is drying up
It's something I mentioned earlier on today and with under three hours to go we're seeing the effects. It's also worth noting that we should put less reliance on the near levels as they are unlikely to be as strongly backed by high volume
We're into that part of the show where things could get choppy, so unless you're sitting in positions based on the outcome of the Fed it might be worth tying some of those trades down
