With the serious market impact threatened by the upcoming ECB meeting this week and Fed meeting next week, a jump in EURUSD implied volatility is to be expected. Judging by its 1-week implied volatility of 6.56%, EURUSD is expected to be particularly volatile relative to other major US Dollar currency pairs as its latest measurement falls in the top 70th percentile of readings over the last 12-months. Although, EURUSD 1-week implied volatility has potential to still creep higher seeing that the September Fed meeting is just a day shy of being one week away. Nonetheless, the US Dollar could benefit from a slide in the Euro if the ECB matches or exceeds market expectations for a robust monetary stimulus package.