FOMC TONE Technical Analysis, Wednesday, July 7, FOMC Meeting Minutes
The Federal Open Market Committee holds 8 meetings a year and reviews economy and financial conditions, determines the appropriate stance of monetary policy and assesses risk to the long-term goals of price stability and sustainable economic growth. The FOMC Minutes are released by the Federal Reserve Board of Governors and are a clear guide for future US interest rate policy.
The EURUSD pair is only bearish while trading below 1.1890 level, further declines to 1.1820 and 1.1770 support levels seem likely.
If the EURUSD pair trades above the 1.1890 level, buyers are likely to test the 1.2000 and 1.2050 resistance levels.
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