The analysis reviews EURUSD on a daily timeframe approaching FOMC, highlighting a breakout above the July high. The current high marks a new high since September 2021. The analyst identified 1.1880 as a key resistance level based on an equidistant channel from the 2023 high and 2022 low and the potential for testing that level following an approximately 24 hours before the FOMC announcement. For the DXY the analyst mentions the target of 96.621 at that same time, and also the need to a monthly closing below this for confirm the monthly bearish engulfling, in general before taking positions to wait for the FOMC announcement.