Sasha Singh
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EURUSD : Consolidating Ahead Of FOMC Statement

EURUSD seems to be consolidating between the contracting trend lines of the asymmetrical triangle. The pair is just preparing itself for some big move. It might break from any of the trend lines. Investors are basically waiting for the FOMC statement due to release at 2 PM EDT. 

If the pair breaks from the support trend line the key support level where the pair might pause its downward movement is at 1.3878 as seen on the 4 hour chart. If the pair breaks the resistance trend line the pair might find resistance at 1.3950.