The dollar index has been on the slide downwards leading into this FOMC event. We have paused on the war risk for the moment and shift focus to the interest rate decision from the FED. Its important to note that the markets will likely trade in a tight sideways range ahead of the FOMC and therefore we don't think any big moves will take place this morning but rather in the afternoon. For scalpers of the morning trading session, there are levels for the dollar index at 98 handle and 97.80 area to the downside. While on the upside we have levels at 99 handle and 99.30 area.