EUR/USD bullish breakout ahead of ECB meeting
The EUR/USD entered a bullish trend after it traded above 1.1420, powered by the release of the FOMC meeting minutes. Yesterday, a positive sentiment was created as the EUR/USD failed to close lower and as the FOMC increased caution for interest rate hikes this year, pushing the pair higher, targeting 1.1455, 1.1480 and 1.1515 as next resistance levels.
However, the EUR/USD might reverse if the European Central Bank gives dovish comments for monetary policy and expanding the easing program, thus moving the EUR/USD backward, reaching 1.1360, 1.1330 and 1.1300 respectively.
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