FXStreet (Córdoba) - EUR/USD extended gains on Wednesday and is close to test the 1.10 mark for first time in over a month as the US dollar faces a selloff across the board. EUR/USD broke above its post-ECB decision highs and advanced to 1.0990, where it recorded a 5-week high, with the euro helped by comments from ECB members suggesting more easing is unlikely. Meanwhile, investors continue to get rid of US dollar, as selling interest intensifies ahead of the Federal Reserve meeting next week, when the FOMC is expected to raise rates for first time in nearly a decade. EUR/USD technical levels As for technical levels, if EUR/USD retakes 1.1000, next resistances are seen at 1.1030 (200-day SMA) and 1.1060 (100-day SMA). On the other hand, failure at 1.1000 could put the pair back under pressure, with immediate supports standing at 1.0878 (Dec 9 low), 1.0829 (Dec 8 low), 1.0795 (Dec 7 low) and 1.0752 (10-day SMA). ------- What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18thand get the recording too. ------- For more information, read our latest forex news.