During yesterday’s trading session EUR/USD traded within the range of 1.3588-1.3618 and closed at 1.3617.
At 6:59 GMT today EUR/USD was gaining 0.05% for the day to trade at 1.3619. The pair touched a daily high at 1.3631 at 6:25 GMT.
Fundamental view
At 18:00 GMT the Federal Open Market Committee (FOMC) will release the minutes from its meeting on policy held on June 18-19th. The minutes offer detailed insights on FOMC’s monetary policy stance. The release is closely examined by traders, as it may provide clues over interest rate decisions in the future. High volatility is usually present after the publication.
Technical view
According to Binary Tribune’s daily analysis, in case EUR/USD manages to breach the first resistance level at 1.3627, it will probably continue up to test 1.3638. In case the second key resistance is broken, the pair will probably attempt to advance to 1.3657.
If EUR/USD manages to breach the first key support at 1.3597, it will probably continue to slide and test 1.3578. With this second key support broken, the movement to the downside will probably continue to 1.3567.
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