Buy on a level breakthrough of 1.0915 with 1.0984 target. Stop loss = 1.0865.
Reason for the trading strategy
As expected, yesterday, the US Federal Reserve kept its benchmark interest rate unchanged in the range of 0.25-0.5%. The US regulator signaled of concerns about the outlook of the economy and did not exclude the possibility of increasing the interest rates in March. However, the process of tightening of monetary policy will depend on the incoming data. The US Federal Reserve noted that for some time the interest rate is likely to remain below the level that would prevail in the long run.