EURUSD Chart Technical Outlook set to correct lower toward 1.1075 ahead of FOMC minutes
EUR/USD has reached the target mentioned in yesterday’s analysis (1.1130). Prices stalled close to a previous swing high from December last year, showing a bearish divergence. A downside corrective pullback is expected. Support is at 1.1075 and 1.1050. Resistances are located at 1.1170 and 1.1200.
The FOMC minutes are today’s main event. Investors can be cautious going into the event, supporting the correction after a three-day rally.
