EURUSD running out of time

 The euro remains technically weak against the US dollar, further placing the pair in a vulnerable position going into the FOMC interest rate decision later today. Bulls inability to break the 1.1160 resistance level is placing the emphasis back towards more EURUSD downside. Only a sustained move above the 1.1187 resistance level can put the pair on more certain footing ahead of the main event later today.

• The EURUSD pair is bearish while trading below the 1.1187 level, key support is found at the 1.1100 and 1.1050 levels. 

• If the EURUSD pair trades above the 1.1187 level, bulls could test back towards the 1.1215 and 1.1244 levels.