The euro is consolidating above the 1.1700 level against the US dollar, ahead of today’s key interest rate and a policy statement from the FOMC. EURUSD bulls may be looking to target the 1.1820 level if they can gain traction above the 1.1745 resistance level. To the downside, the 1.1690 and 1.1620 levels offer the strongest areas of near-term support for the EURUSD pair.
The EURUSD pair is only bullish while trading above the 1.1690 level, key resistance is found at the 1.1745 and 1.1820 levels.
The EURUSD pair is only bearish while trading below the 1.1690 level, key support is found at the 1.1620 and 1.1580 levels.
