EUR/USD – Support at 1.1120 could hold

FX:EURUSD   Euro / U.S. Dollar
Pair’s retreat from the high of 1.1213 followed by a drop in Asia suggests bears remain in control and a larger retreat from the high of 1.1366 (Aug 18 high) may have resumed.

However, the hourly RSI has hit the overbought territory, plus rise in EUR/JPY             cross and caution ahead of FOMC rate decision could ensure the support at 1.1120 remains intact.
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