The currency pair had a correction last week and tested 1.1802. EUR/USD stays above this level at press time. We have a hammer pattern on the Daily chart, which gives hopes to the Bulls for the price to reach 1.1950 this week.

The Fed meeting was one of the most important events last week. US central bank’s governors confirmed their commitment to the current monetary policy and low rates before the labor market is “healthy” again and the yearly inflation is 2%.