Today's price opened above the previous , so its tricky at the moment. If 1.25122 comes in as support, we could see a rally to the previous flag's break out at 1.2713. If price closes below 1.25122, then a break of the flag could see eventual declines to 1.20263.
Question is: Last month's FOMC was hawkish. Will the minutes be hawkish enough for Euro to decline?
Fundamentally, recent Eurozone data has been supportive of the Euro , so it will take a bit more than usual for EURUSD to clear way for declines.