• All 103 economists polled by Reuters expect Fed to leave rates unchanged

• Futures suggests no change in US interest rate before July 2027

• In advance 18GMT rate decision EUR/USD close to neutral levels

• Middle 2026 range is 1.1746 - EUR/USD 1.1697-1.1720 on Apr 29

• The centre of the 20-day Bollinger bands is 1.1697

• Traders are betting that the euro rises while elevated oil price weighs

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EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)