EUR/USD is treading water ahead of Fed’s meeting

EUR/USD performed quite hesitantly yesterday. The pair tried to push higher, but fails to break through 1.1200 for now. Seems that bears are likely to test 1.1125. Immediate resistance remains around 1.1200 and if the pair succeed to conquer it, this could lead to further bullish pressure for testing 1.1250 / 75. Buy key resistance remains 1.1350. On the downside, a clear break and daily close below 1.1125 will raise any bearish pressure for testing 1.1050. The main technical outlook still remains neutral. Anyway macro agenda for the week offers plenteous news that might set more clear direction for EUR/USD pair.