EUR/USD Pauses at 1.1450 as Dollar Remains Strong

The EUR/USD currency pair is attempting to stabilize after a sharp selloff caused by the Federal Reserve's decision to raise interest rates and open the door for further tightening.

The Fed's move pushed U.S. yields higher, making the dollar more attractive, and put it back in control of the EUR/USD pair.

The market may spend time consolidating after such a move, but the interest-rate differential still favors the greenback, which is the main driver of the EUR/USD pair.

The 1.1450 level is attracting attention as support, with some stabilization around this area in recent sessions, and the stochastic oscillator is oversold, making it a potential setup for a bounce.