The EUR/USD managed to bounce off its earlier lows as US traders entered the fray, ahead of the publication of FOMC minutes later on. The single currency had initially sold off along with European stocks and commodity dollar. But thanks to ongoing hawkish rhetoric from the ECB, traders were happy to buy the dip this time. A close above 1.0850 would enhance the EUR/USD forecast for the bulls from a technical point of view. But on a macro front, all eyes remain firmly fixated on the US debt limit situation and poor risk appetite. Risk appetite sours Risk appetite soured further in the first half of Wednesday’s session. ... (full story)