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I think it is a given that they are going to raise but the mkt will focus in on the statement and future hikes!! I can tell you right now nobody in their right mind is going to build up long euro positions ahead of the announcement.

Going into the fed meeting, I would be long dollars till then, any euro uptick is just another opportunity to sell euros. IMHO 1.2220 will hold on the upside and 1.1950 on the bottom. I think the mkt is going to try to test the 1.1950-1.1990 level that has twice held by Monday or even...