FXstreet.com (Buenos Aires) - After the strong rally and due correction, EUR/USD seems to have settle in a comfortable consolidation zone just above the 1.4200 level. Both 1 and 4 hour charts are giving signs of continuation in the pair, thus movements should remain limited as we approach to FOMC monetary policy statement.

Above 1.4218 this week high, next resistance levels come at 1.4240 zone, and above 1.4290. Failure to hold the 1.4200 could send the pair back to 1.4180, followed by 1.4150 zone. If the last gives up, pair could retest strong support zone around 1.4080/1.4100.