EUR/USD Forecast: Euro buyers hesitate ahead of FOMC Minutes

EUR/USD fluctuated in a tight range on Tuesday and closed the day virtually unchanged.

EUR/USD extends its sideways grind at around 1.0850 on Wednesday. The near-term technical outlook highlights waning interest from buyers. Federal Reserve will release the minutes of the April 30-May 1 policy meeting later. The pair continues to move up and down in a narrow band at around 1.0850 early Wednesday as investors refrain from taking large positions while searching for the next catalyst.

stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Currencies Majors Technical Analysis

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD Forecast: EUR/USD steady sub-1.0900 ahead of fresh cluesThe EUR/USD saw little action on Monday, hovering around the 1.0860 mark for most of the day.
Read more »

EUR/USD Weekly Forecast: Could FOMC Minutes provide fresh clues?The EUR/USD pair advanced for a fourth consecutive week, comfortably trading around 1.0860 ahead of the close.
Read more »

EUR/USD Forecast: Euro clears key resistance ahead of US inflation reportEUR/USD gathered bullish momentum in the early American session on Tuesday and climbed above 1.0800.
Read more »

EUR/USD Forecast: Euro turns bearish ahead of Fed policy announcementsEUR/USD came under heavy bearish pressure in the American session on Tuesday and closed the day sharply lower.
Read more »

EUR/USD Forecast: Euro looks for the next catalystEUR/USD declined marginally on Monday but managed to stabilize above 1.0850 early Tuesday.
Read more »

EUR/USD Forecast: Euro remains bullish following Thursday's correctionFollowing Wednesday's upsurge, EUR/USD struggled to preserve its bullish momentum and closed modestly lower on Thursday.
Read more »