EUR/USD breaks above 1.1150 as the dollar weakens following the Fed's first rate cut in over four years. Market expectations for further easing support the euro's upward momentum against the dollar. Key resistance at 1.

The euro continues to see a lot of choppiness in the early hours of Wednesday, as the market is waiting for the interest rate decision in Washington, as well as the statement and press conference afterwards.

The US Federal Reserve wants to get to neutral quickly as it increasingly prioritises potential jobs weakness at a time when it is more comfortable with the inflation backdrop.