EUR has propelled on the political shuffle in the US. Technically the EURUSD pair still sits in the large consolidation between 1.05 and 1.15. The FOMC meeting on coming Wednesday will set the tone for further USD direction and consequently for EURUSD pair. In case the FOMC gives a hint on further rate hikes, the pair might rush through 1.15 to reach 1.20. In the opposite case, the pair might retest the gap at 1.07. The nearest support sits at 1.09 and the resistance at 1.15.
