The U.S. dollar managed to recover slightly Vs. the Euro on yesterday following the FOMC’s unchanged stance but the Euro consolidated in the 1.3530 area during the Asian session and it is recovering now. Support is seen in the 1.3530 formed by the mid-term trendline started on 26 of March, backed by 1.3500 and 1.3480. Resistance emerges at 1.3550 followed by 1.3600 and 1.3620. Hourly sentiment is bullish, daily is slightly bearish. We expect the trendline in the 1.3530 area to hold, and while it does, the Euro may recover its recent losses and return into the 1.36 area aiming towards the 1.37 zone soon. On the other side, a break of 1.3530 would sugest a possible extended decline towards the lower area of 1.34. Current quote is 1.3548 @ 06:00 GMT