The euro dollar pair continued to rise for the second consecutive day waiting for the US Fed Meeting Minutes Wednesday evening.
Personally I think the Fed will not raise interest rates by mid this year and may be postponed to the end of the current year.
And because of previous negative data for the US dollar during the current month as federal link that any lifting of interest
It must be preceded by good US data and this has not happened so it came out with this conclusion, and it shows up pair
Before the release of the minutes of the meeting tomorrow, where the ascent means that traders rule out any decision to raise interest through
Next June, but rather likely to be postponed to the end of this year.
Technically: - on the daily Frame after the pair broke the previous resistance at 1.0827 and continued to rise continued.
Where today also managed to penetrate the next resistance around 1.0890 and is currently trading Nilai rates, so
Bjalh shut candle on top of 1.0890 then the pair will be retractable further climb to target resistance
Following the central around 1.1030 price almost.