However, the shared currency failed to hold at those levels and pulled back to mid-range at the 1.2290 zone afterwards. At time of writing, EUR/USD is quoting at 1.2300, still recording a 0.3% gain on the day.
As for technical levels, the 20-hour SMA at the 1.2280 area should offer immediate support, followed by 1.2250/55, daily lows and 100-hour SMA, and the 200-hour SMA around 1.2200.
On the other hand, if EUR/USD manages to clearly break above the 1.2330/40 area, next resistances are seen at 1.2390, Friday's high, and 1.2410. However, trading is expected to remain subdued as investors stay sidelined ahead of the Fed and the ECB decisions.