The euro is struggling to break above the key 1.1360 resistance level against the US dollar on Wednesday, as traders await the FOMC monetary policy decision later today. The EURUSD pair may test back towards the 1.1290 level if bulls fail to break the 1.1360 level. A strong advance above the 1.1360 level will likely provoke buying towards the 1.1400 level, with extended resistance found at the 1.1454 level.
The EURUSD pair is only bullish while trading above the 1.1360 level, key technical resistance is found at the 1.1400 and 1.1454 levels.
If the EURUSD pair starts to turn lower, sellers may test back towards the 1.1325 and 1.1290 levels.
