EURUSD

The pair is continuing its search for direction around the pivot level of 1.15498. The main determinant of the week will be the FOMC meeting on Wednesday. "Hawkish" (tight stance) messages from the Fed could strengthen the Dollar, pulling the pair towards support levels of 1.14848 and below. Conversely, a "dovish" (loose stance) Fed could target the resistance level of 1.16106. The Eurozone CPI data to be announced on Wednesday is expected to align with expectations, so a surprising impact is not anticipated.