The FOMC meeting minutes are set to be released at 18:00 GMT, traders should expect high volatility on the news. EUR/USD is pulling back about 35 pips after reaching a daily high at 1.1721. A breakout above the 1.1700-1.1730 area should lead to a spike towards 1.1800 while a failure to break the area should see a reversal towards the 1.1600 level. EUR/USD 15-minute chart Spot rate: 1.1687 Relative change: 0.26% High: 1.1721 Low: 1.1649 Trend: Bearish sub 1.1700-1.1730 Resistance 1 1.1700-1.1720 figure and last week’s high Resistance 2: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move Resistance 3: 1.1800 figure Resistance 4: 1.1854, 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1672 June 27 high Support 2: 1.1640 supply/demand level Support 3: 1.1600 figure Support 4: 1.1560 June 14 low Support 5: 1.1527 last week’s low Support 6: 1.1508 current 2018 low FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FOMC minutes: Indicators of longer-term inflation expectations are little changed, on balance FX Street 3 years The FOMC meeting minutes are set to be released at 18:00 GMT, traders should expect high volatility on the news. EUR/USD is pulling back about 35 pips after reaching a daily high at 1.1721. A breakout above the 1.1700-1.1730 area should lead to a spike towards 1.1800 while a failure to break the area should see a reversal towards the 1.1600 level. EUR/USD 15-minute chart Spot rate: 1.1687 Relative change: 0.26% High: 1.1721 Low: … Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
