The interest rate decision from the U.S. Federal Reserve (Fed) on March 22 is seen to be of paramount importance as it will guide investors through the future of the interest rate hiking cycle. Whatever the case may be, we can expect strong volatility. For the Euro, this news may be a reason to breakthrough the technical level of 1.08. In this case, the EURUSD may rise towards 1.0900 - 1.1230. Everyone is now concerned about whether the Fed will continue with its hawkish course in the fight against high inflation, or if it takes a pause in interest rate hikes, given the recent banking problems in the United States. In case of a potential hawkish decision by the Fed, we may see the decline of the Euro to 1.0640.