The pair is in the corridor.

At the moment we observe that the pair continues to trade in the corridor with falling peaks and rising lows. We are also seeing a decline in trading volumes in anticipation of the publication of the Fed’s decision on the interest rate.

Now the pair is close to the level of 1.1410 and has not overcome it yet. In the case of a breakthrough, we believe that the pair will rush to the level of 1.1460. Otherwise, we expect a rebound to levels of 1.1360 and 1.1305