Dollar continues to weaken ahead of FOMAC

• risk aversion leads to dollar decline

• a likely GM default will weaken the dollar even more

Update EUR/USD

It is questionable if we reach the expected target. I took my profit and will short this thing @ around 1.2900 with a stop loss @ 1.3210 with a target at around 1.2300 and further to 1.1500!
Nice move...