EUR/USD edged higher to start out the week, as the pair closed the prior week off near its 200-period daily moving average. Ahead of Wednesday’s FOMC meeting the currency pair is likely to consolidate as a catalyst is lacking for a downside break of the indicator, and profit taking ahead of the volatile event is likely to keep the pair firm. The 200 DMA currently resides at 1.1145 and a bounce was seen slightly ahead of the indicator as the pair reached a low of 1.1150 on the day. A high of 1.1200 was made on the day, prior to a turn lower as a break above resistance at 1.1188 was not sustained. The resistance level reflects highs