EUR/USD took a breather from its days-long downtrend earlier this week. And that’s regardless of the U.S. greenback gaining floor towards its different counterparts!
In case you missed it, USD gained pips as merchants began the yr by tempering their Fed rate of interest lower bets.
The FOMC assembly minutes launched within the final U.S. session didn’t harm the Buck both, because it failed to offer us particulars on the Fed’s price lower schedule. This inspired “higher for longer” speculations and prolonged USD’s intraweek upswings.
Not for EUR/USD although!
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sectionsThe submit Play of the Day: EUR/USD’s Short-Term Resistance Area first appeared on Investorempires.com.
