Sell on a level breakthrough of 1.0940 with 1.0870 target. Stop loss = 1.1000.
Reason for the trading strategy
Yesterday, the US Federal Reserve kept the federal funds rate unchanged and did not designate any specific terms of its increase. Before the rate is raised, the US Federal Reserve wants to see further improvement in the labor market and a growth of inflation expectations in the United States. Despite the neutral information, the yield on 10-year US bonds rose from 2.297% to 2.302% according to yesterday's results and supported the world's reserve currency.