The euro has continued to advance against the US dollar during the European trading session, with price testing demand above the important 1.1400 level. The EURUSD pair has so far been contained by trendline resistance from the triangle pattern across the lower time frames. If the FOMC strike a dovish tone the EURUSD pair should rally, a more hawkish tone should support US dollar strength.
The EURUSD pair is strongly bullish while trading above the 1.1400 level, key technical resistance is found at 1.1470 and 1.1550 levels.
If the EURUSD pair falls from the 1.1400 level, sellers are likely to test the 1.1360 and 1.1330 support levels.
