FXStreet (Edinburgh) - The single currency is giving away part of its gains vs. the dollar today, sending EUR/USD back to the 1.1310 area.
EUR/USD remains above 1.1300
The pair continues to trade on the right footing at least during the European morning and ahead of the key FOMC meeting due later in the NA session, all against a backdrop of a rising offered tone around USD.
However, a more cautious tone seems likely as we get closer to the US open, following consensus amongst traders that the Committee could strike a hawkish tone today, albeit staying put regarding a rate hike.
EUR/USD key levels
The pair is up 0.21% at 1.1315 facing the next hurdle at 1.1339 (high Sep.17) ahead of 1.1374 (high Sep.14) and then 1.1523 (high Aug.26). On the other hand, a breakdown of 1.1285 (low Sep.17) would target 1.1214 (low Sep.16) en route to 1.1171 (low Sep.10).
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