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EUR/USD around 1.2860/65 on FOMC minutes

FXstreet.com (Barcelona) - The shared currency keeps the area of 1.2860/65 on Wednesday, after the FOMC minutes left no room for surprises.

True, Bernanke left and took the party somewhere else, as nothing new emerged from the minutes. Amongst the main points, the FOMC sees the economy growing at a moderate pace, leaving the outlook pretty much unchanged and surprisingly, some members were willing to scale back the bond buying in June. All in all, members agreed that more is needed in order to reduce the pace of QE.

As of writing, the cross is down 0.29% at 1.2867 and a breakdown of 1.2841 (low May 21) would aim for 1.2809 (low May 20) and then 1.2796 (low May 17).
On the flip side, resistance levels line up 1.3011 (MA21d) followed by 1.3030 (high May 14) and then 1.3051 (high May 10.

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