The EUR/USD pair did not react much on the Forex with the Minutes of the ECB.
The Minutes show that the monetary policy should stay highly accommodative in all the scenarios, but overall, there is nothing new compared to the communiqué and the comments of Draghi at the meeting.
On Forex, EUR/USD break below 1.1750, but the downward trend had already begun before the Minutes.
The Euro Dollar could now move on to the 1.1720 and 1.1700 initially.
Below the recent low, we will still have an important support to the 1.1680, before a resumption of the decline in the short term to resume his race.
We could then direct us to the area of 1.1620/1.1580, with a first threshold to 1.1660 to monitor.
Has the upside, we will have a zone of resistance towards 1.1750, and then 1.1775.
A break above 1.1775 rest they need to regain the 1.1800 and then the important resistance of 1.1825.
It will then break above 1.1825 to have a bullish reversal more solid, with thresholds that follow to 1.1860, 1.1920 and 1.1980/1.2000.
On the economic calendar, we will now entries weekly jobless claims US 14: 30, but mainly the controls industry to 16h.
Overall, the range of 1.1680/1.1825 still seems to be able to hold until the NFP tomorrow.
The pair EUR/USD is currently trading at 1.1740 on the Forex.
Chart EUR/USD H1
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This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.