The EUR/USD pair fell to a daily low of 1.1079 right after the release of the Fed’s Minutes but quickly recovered back to the 1.1100 level. Now trading in the 1.1080 price zone, the upside is still being contained by 1.1110, the 61.8% retracement of its latest daily decline. The short-term picture is neutral-to-positive, while technical indicators have turned...
EUR/USD short-term technical outlook The EUR/USD pair has completed a pullback to the 61.8% retracement of its latest daily advance at around 1.1110, still the main resistance.a handful of pips above the mentioned Fibonacci level, while technical indicators head nowhere within negative levels. The pair is confined to a 30 pips’ range ever since the day started,...