EURUSD under 1.1150 next big level
The euro has struggled to move above the 1.1200 resistance level against the US dollar as ECB President Mario Draghi’s bearish comments continue to weigh on the single currency. The 1.1150 support level is the next support level to watch while the EURUSD pair continues to trade below the 1.1200 level. EURUSD traders now awaits the FOMC rate decision later today, which could spark huge volatility and move the pair into a new trading range.
The EURUSD pair is heavily bearish while trading below the 1.1200 level, key technical support is found at the 1.1170 and 1.1150 levels.
If the EURUSD pair trades above the 1.1200 level, buyers may test the 1.1245 and 1.1260 levels.