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The currency pair is trading in the range of the round important level 1.1100. The 365 and 135 moving averages are directed upwards and the price is not far from the fast moving average (135). A Bullish divergence has formed on Awesome Oscillator indicator. Breaking through the round secondary level …

The pair is trading above 1.1100 in anticipation of the Fed's decision on monetary policy. If the US regulator makes it clear that today's rate cut will be the last for the foreseeable future, it may lead to a reversal of the pair down.

The price is above the middle …