The euro is holding key support against the US dollar ahead of today’s key interest rate decision and monetary policy statement from the FOMC. The 1.1410 level is a pivotal area buyers will need to defend for further advancement towards the 1.1500 region. A sustained loss of the 1.1410 level will likely prompt sellers to test towards the technically important 1.1360 support level.
The EURUSD pair is bullish while trading above the 1.1410 level, key technical resistance remains at the 1.1460 and 1.1500 levels.
If the EURUSD pair trades below the 1.1410 level, sellers may test towards the 1.1360 and 1.1330 support levels.
