EUR/USD after Draghi and FOMC meeting minutes under 1,1180 under pressure

FXStreet — Currently is the EUR/USD daily loss -0,07 % 1,1176, after the days high at 1,1205 and the Low at 1,1169 were formed.

The EUR/USD has broken the key support of the 1,1180 and the focus is on the Monday low of 1,1161. We are now waiting for the FOMC meeting minutes.

Wall street opened bullish and now the trading is held sideways, while on the Fed meeting minutes will be maintained.

The comments by ECB President Draghi weighing on the Euro. He reiterated that it is not necessary that the current monetary policy, and keeping the side-effect of unconventional political action. This is in contrast to the market speculation that the ECB could start talking about the Tapering.

EUR/USD technical levels

The analysts of Commerzbank explain that the Outlook for the EUR/USD in the short term, directed downwards. «The Euro approached the November 1.1300 and we will see a TD perfection. We can expect a consolidation/downside correction below this level. As long as the 1,0957 intact is the direct commandments remain the same.»

** FXStreet News Editorial, FXStreet**

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