As we anticipated last week, trading on Friday ended with a consolidation at the reached levels. However, after the weekend, the weakening of the US dollar resumed. The movement is further provoked by expectations of a decrease in the key rate of the Federal Reserve System by 50 basis points. The nearest significant resistance for the EUR/USD pair can be met closer to the range of 1.1150-1.1170. It is important to remember that the decision of the US Federal Reserve will be known on Wednesday, and until its publication, it is not worth expecting significant directional movements.