After shaping a down bottom, the EUR/USD prices started regaining strength reaching the 1.4285 level, but with the forecast of the falling German government bunds, the prices retreated back downward and tested the Moving Average 20 on the 30mn chart.
It’s expected today to continue its upward movement to reach the 1.4312 – 1.4359 areas, as for the major support line, it’s at 1.4199.
It’s worth noting for our dear traders to pay attention given the FOMC meeting minute’s conference that will take place at 7 GMT concerning the monetary policy.
