EUR/USD rises after FOMC meeting minutes on 1,1200

FXStreet — The Dollar fell after the release of the FOMC meeting minutes on a broad Front. According to the document, most of the Fed told the members that «an early tightening is likely to be appropriate».

The EUR/USD was able to 1,1200 rise and the new day’s high was at 1,1211 formed. The Pair remains near its highs while the US Dollar falls. The Treasuries rose after the Fed release, thus reducing the yields fell. Gold could rise to$ 5 to the new High in the vicinity of 1260 $.

The Euro builds a part of its yesterday’s losses and consolidating at the upper end of 1,1220, which is the door for a Test of yesterday’s highs to open.

Technical Levels

Resistances are at 1.1225, 1,1250 and 1,1265/70 (High of 23. May). On the other hand, supports are located at 1.1200, 1,1160 (Deep 22. May) and 1,1120.

** FXStreet News Editorial, FXStreet**

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