FED’s minutes – US dollar rallies

On the last Fed’s meeting minutes US dollar rallied. There are many headlines that continues to weigh on the US dollar. One of the headlines is connected to the guilty plea of Trump’s former lawyer Cohen weighs on the presidency, as he implicates president Trump in crime activities. Currently the president Trump lashed out on his former lawyer. Also, in future we could see the US dollar weakening.

EUR/USD dropped yesterday and today is breaking the upward trend-line (during Asian session), aiming for the 1.1537 support line. On one side, we could see its price action aiming for the 1.1623 resistance line. On the other side, we could see it breaking the 1.1537 support line and aim for the 1.1482 support barrier.