The overall picture: The euro is waiting for an impulse from the Fed report.
On Wednesday evening, the Fed's Beige Book report will be released. It is very likely that the report will say about the slowdown of the US economy - this will mean that the Fed's policy will remain soft for a long time. This can give impetus to the trend against the dollar.
Now, the question is whether the other major pairs (the pound, the franc, and the yen) will start moving against the dollar as they have not yet shown a reversal.
We hold purchases in euros from 1.1250.
The material has been provided by InstaForex Company - www.instaforex.com