FXstreet.com (Córdoba) - The Euro failed to break above 1.4900 against the Dollar. EUR/USD jumped to 1.4909, posting a fresh one-week high after the statement of the FOMC. Later the pair pulled back and currently trades at 1.4868/71, 1.02% above today's opening price. If the pair retreats further, if could find support at 1.4860 and below at 1.4825.
The Euro is consolidating gains against the Dollar and trades at the highest level in a week. To remain strong EUR/USD needs to hold above 1.4860, if it falls below Dollar could gain momentum.