The EUR/USD exchange rate declined on Wednesday after the latest Federal Reserve (Fed) meeting minutes revealed that the Federal Open Market Committee (FOMC) remains steadfast in waiting for more evidence that inflation will decrease to 2%. This has lowered risk appetite, as investors continue to hope for dovish signals from the US central bank.
EUR/USD is currently falling below the 34 and 89 EMAs, sitting at 1.0834, and is trying to maintain the 1.0820 level. The pair has retreated after an unsuccessful attempt to sustain a rally at 1.0900.
The daily candle is inching towards the 0.618-0.5 Fibonacci retracement levels, despite the ongoing short-term bullish movement.
EUR/USD is currently falling below the 34 and 89 EMAs, sitting at 1.0834, and is trying to maintain the 1.0820 level. The pair has retreated after an unsuccessful attempt to sustain a rally at 1.0900.
The daily candle is inching towards the 0.618-0.5 Fibonacci retracement levels, despite the ongoing short-term bullish movement.
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