➡️ The currency pair failed to hold above 1.10000 on Tuesday and moved into a phase of consolidation early on Wednesday as investors wait for policy announcements from the US Federal Reserve. In order for the pair to continue rebounding, it is necessary to resume sales of the dollar.
Despite the positive moments from Ukraine that the negotiations can still be completed with a positive outcome in the near future, it is assumed that market participants will not gravitate towards risk for the time being and the USD will continue to strengthen for some time. In addition, the aforementioned interest rate decision by the FRS is expected today. The main target for today is the level of 1.09295, a lower approach to 1.08215 is not ruled out.