Euro Under Pressure as Markets Await Fed Rate Decision

The euro remains under pressure against the US dollar, trading below 1.1400 as markets turn cautious ahead of the Federal Reserve's interest rate decision.

Traders are closely watching the Fed's accompanying statement and Chair Jerome Powell's press conference for signals on future rate cuts or hikes.

A hawkish stance from the Fed would likely provide further support for the dollar, pushing EUR/USD lower, while any dovish hints could trigger a short-term rally in the euro.