Very likely, we can see Euro paused to consolidate losses against the US Dollar, possibility sell on bounce.
Yes, we have Feds tomorrow, anything can happen.
EUR / USD rose yesterday trading below the 1st resistance.
The short-term momentum suggests some recovery in the near future.
The pair is trading below the falling trend line, short-term trend remains negative.
The broader trend being below the moving averages of 50 and 200 days is also negative.
R3 - 1.16596
R2 - 1.15410
R1 - 1.14604
Daily Std. Pivot - 1.13418
S1 - 1.12612
S2 - 1.11426
S3 - 1.10620
The 1.1300 level could act as support on the EURUSD and the 1.1400 level could act as resistance. The price may bounce in the opposite direction from any of those two levels.
EURUSD rose during the course of yesterday session as the U.S Durable Goods Orders number came worse than expected. The US dollar sold off and the fact that we have the Fed monetary policy statement today we may expect high volatility in the pair.
The 1.1390 proved to be a strong resistance level for the EUR/USD pair, but nothing is certain before FED’s rate decision later today.
I concur with Ed Matts:
So the sell opportunities with every bounce are profitable from it.
EUR / USD continued to recover yesterday.
The short-term momentum indicates a recovery.
The RSI has risen and is now close to the 50 line.
The MACD is already above its signal line and near its zero line.
The trend continues downward.
R3 - 1.14552
R2 - 1.14186
R1 - 1.13486
Daily Std. Pivot - 1.13120
S1 - 1.12420
S2 - 1.12054
S3 - 1.11354
Eur/usd broke below psychological level 1.1300, is correction movement over yet, let’s see.
We have an very interesting session for the EUR today, as Germany will publish its unemployment figures and the flash CPI. We shall see.
if price fell under yesterday’s low I am going to go short to 1.22
EURUSD fell during yesterday session in a typically digestion day with a narrow range day that created an inside day. The pair fell 6.41% since the star of the year and closed near the low of the day. Stochastic is showing a slight bullish momentum and a close above the 10 day moving average could signal a stronger bullish correction.
EUR / USD fell yesterday and fell below 1.1300.
The short-term momentum indicates the downward path.
The RSI has moved downwards after finding resistance at line 50 and the MACD, already below its zero line, seems to cross below its signal line.
The EURUSD is trading below the moving averages 50 and 200 periods, the medium-term trend remains downward.
R3 - 1.14594
R2 - 1.14208
R1 - 1.13528
Daily Std. Pivot - 1.13142
S1 - 1.12462
S2 - 1.12076
S3 - 1.11396
Consolidation continued today for the EUR/USD in the form of a narrow range. The pair has been testing the support around 1.1280 but couldn’t break below it. There’s very little volatility at the moment and that might continue until next week.
I agree with you, eur/usd is back to 1.13 level after testing 1.1280, correction continues.
I agree with you that the correction getting strong, thank you.
Another day of consolidation for the EURUSD, lets see how it keeps behaving below the 1.1400 level.
It’s Friday! Who the hell trades on a Friday??
Over the weekend have a look at the weekly chart. There’s a bear trendline that’s been in place for almost two months. Look for shorts in and around it!
Happy weekend! 
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.