EUR/USD kisses rising trend line support

EURUSD D1 (03-16-2016 1903)

Rising trend line (blue) support has been tested ahead of Fed. Now watch out for a rebound.

If does and recovers above 1.1088 (50% of 1.0463-1.1714) and that would add credence to a possibility of a break above 1.1115 and rise towards 1.1173.

If it breaks lower the buck would test bids around 1.1045 (200-DMA), which is followed by a another trend line support at 1.0974 levels.

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