The euro is attempting to break higher against the US dollar, following numerous failed downside attempts below the 1.1060 resistance level. Bulls now need to close the day above the 1.1115 level to encourage the next round of strong technical buying. Overall, EURUSD traders are becoming more cautious ahead of the FOMC interest rate decision later this evening.
The EURUSD pair is only bullish while trading above the 1.1080 level, key resistance is found at the 1.1115 and 1.1150 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1050 and 1.1030 levels.
