EUR/USD remains under pressure despite the mixed reaction to the Federal Open Market Committee (FOMC) Minutes, and the pair stands at risk for a larger correction as it carves a fresh series of lower highs & lows. The summary of former-Chair Janet Yellen’s last meeting suggests the central bank will continue to implement higher borrowing-costs over the coming months as ‘a majority of participants noted that a stronger outlook for economic growth raised the likelihood that further gradual policy firming would be appropriate.’ With that said, the FOMC under Chairman Jerome Powellmay prepare U.S. households and ... (full story)