After FOMC statement this pair close above the daily pivot with good indication for buyers.
Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent.
Most likely scenario:- Long above the @1.0873 with target 1.0947 to continue its uptrend
Alternate Scenario:- Short below @1.0873 with target 1.0800 to test 1.0709 latest low
according to weekly trend bias its moves bearish direction but weekly piercing line candlestick pattern gives a bullish indication for this pair.
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