FXstreet.com (Barcelona) - The single currency dipped to the area around 1.3280 after an unexpected dovish tone from the FOMC minutes. The minutes suggested the Fed should vary the pace of QE and that the US economy is on the right path, growing moderately. Treasuries have reverted the initial losses while stocks remain in red.
As of writing, the cross is losing 0.65% at 1.3300 facing the next support at 1.3283 (MA55d) followed by 1.3274 (Lower Bollinger).
On the flip side, a breakout of 1.3450 (MA21d) would expose 1.3456 (high Feb.14).
As of writing, the cross is losing 0.65% at 1.3300 facing the next support at 1.3283 (MA55d) followed by 1.3274 (Lower Bollinger).
On the flip side, a breakout of 1.3450 (MA21d) would expose 1.3456 (high Feb.14).
