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The euro currency is paring losses following the Fed meeting.

Prices fell to a five-week low before recovering. This coincides with the trend line from which the common currency is reversing losses.

Further continuation to the upside could see the 1.1900 level being challenged once again.

With the trend turning flat above 1.1715, we expect this sideways pattern to hold.

A strong close above 1.1900 will be needed to confirm the upside.

This needs to be followed through with the breakout above 1.2000 for any further signs of the uptrend resuming.

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