With crude oil still traded in U$Ds, with the exception of OPEC's #2 exporter Iran, which could quickly instigate oil skyrocketing from current price levels, by triggering regional war.
Euro rangebound against dollar ahead of Fed meeting
"Traders are reluctant to be exposed to shorting the US currency ahead of Wednesday's ... decision, which may signal the Fed's intention to pause its eight-month-long easing campaign," said Ashraf Laidi at CMC Markets."
Dollar Little Changed Against Euro Before Fed Decides on Rate>
Incidentally, my favorite trading system put me into a 96 pip (.0096) trade tonight— the dollar gaining on the euro. I also have the dollar gaining 69 pips on the Swissie and a 75 pip gain on the yen. It’s a pretty reliable system, I win well over 75% of these trades.
Mind you, these trades typically take a day or three to hit profit, so in the big picture it’s pretty much useless for long term analysis.