EURUSD has been falling in direction 1.1060 since May 3rd because the price has been moving in bullish regression channel (blue line at the chart) for some time. Currently there are two supports on the way to above mentioned target. There are located at: 1.1210, 1.1160. Today’s evening FOMC minutes will be published.
Probably there won’t be any surprises but like usually we have to expect higher volatility on EURUSD. The main scenario is the test of 1.1160 – 1.1210 area and rebound. That should start new mid-term upward movement.
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