The euro has traded rather flat ahead of the FOMC meeting scheduled for today. There were no major new releases from the eurozone on Tuesday. Data from the US was also sparse on the day.
EUR/USD Breaks Past Resistance Level
The euro broke past the resistance area of 1.1072. Price action is seen now trading close to the previously established resistance level of the 1.1100 region.
If this previously held resistance level holds, then price could turn flat within the said levels. A breakout from either 1.1100 or 1.1072 is needed to confirm the further direction in price action.
