EUR/USD closer to 1.1800 post-FOMC

- The pair picks up pace to the 1.1780/90 band following the FOMC decision.

- The greenback leaps to fresh daily lowa and tests 94.10.

- The Federal Reserve delivered another 25 bp rate hike, matching consensus.

EUR/USD keeps the familiar range in the wake of the FOMC decision on rates and is now hovering over the 1.1780/90 band.

EUR/USD bid post-Fed

The pair's consolidative stance remains unchanged after the Federal Reserve raised rates by 25 bps, taking the Fed Funds target to 2.00%-2.25%, matching the broad consensus.

Regarding the 'dots plot', 12 out of 16 members now see four rate hikes this year, while the Fed's statement removed the word 'accommodative'.

EUR/USD levels to watch

At the moment, the pair is gaining 0.12% at 1.1781 and a breakdown of 1.1712 (10-day SMA) followed by 1.1664 (21-day SMA) and then 1.1526 (low Sep. 10). On the upside, the next barrier aligns at 1.1815 (high Sep.24) would target 1.1853 (monthly high Jun.14) en route to 1.1946 (200-day SMA).