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EUR/USD: Tech Snapshot Ahead of FOMC Minutes
The EUR/USD pair (at the time of writing) reveals a doji candle during the London session as we head into the US open. The doji candle can be reflective of indecision in a market and right now appears to reveal a ‘wait and see’ approach to the FOMC minutes to be released later today. Yesterday’s sharp move lower in the pair had market commentators joke about the FOMC minutes being released ahead of schedule. Treasury yields, the Dow Jones and S&P 500 dropped lower while the US dollar gained against its peers in a move consistent with a sudden ‘risk off’ narrative. Market participants should receive ... (full story)