Is this the real move? It certainly seems so. EUR/USD is on the move, climbing to a new high of 1.1346, above the previous resistance line of 1.13 and more importantly above downtrend resistance that capped it many times.
The dovish meeting minutes by the ECB were met with dovish meeting minutes from the Federal Reserve.
Janet Yellen and her colleagues were not really close to raising rates in September and this was before the terrible NFP that came two weeks later.
Debt talks regarding Greece seem to have seen some concrete proposals, but this is only a background story.
Further levels to watch are: 1.1373 and 1.1460, which is critical resistance. On the downside we have 1.13 and 1.1215.
More: EUR/USD: Rebound Within A Flag; – SocGen
Here is how it looks on the chart:
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