General picture: Fed, trends under pressure.

The beginning of the week became difficult for currency traders.

The EURUSD pair broke through the 1.1685 level on the upside and recurred the highs of 2015 at 1.0711 (as shown in the euro's schedule at MT-4, the upper limit of 2015 is at 1.0712). But nothing more was enough. Buyers were discharged and the course spent the night at 1.1645 on Wednesday.

In the morning, the euro pierced down a minimum of a new week at 1.1625 but, it seems that traders are waiting for the stop. In general, everything is not easy but the trends are not yet broken. Today at 21.00, the Fed will issue a fresh statement regarding the monetary policy. Experts do not expect any surprises as the rate will remain at 1.00-1.25%, the statement will be soft, indicating a low inflation and lackluster growth.

However, surprises are always possible. The oil is increasing as the Brent has exceeded the $50 mark, this could strengthen the ruble but the US Congress adopted new sanctions against Russia, arguing Russia's unwillingness to participate actively in the end of the conflict in Donbass. It is interesting, from the point of view of understanding the prospects for the ruble, to see the closing of the day and volumes within this day.

Business media writes that on Thursday, July 27, will be critically important for the EU stock market since a huge number of reports will be released by various companies. This, perhaps, will determine the outlook for the EURUSD. We stand while on sale from 1.0625, in case of a reversal above the purchase from 1.0712.