EURUSD: Remains Bearish Despite FOMC Minutes

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EURUSD: Remains Bearish Despite FOMC Minutes

From our previous analysis, EURUSD achieved two of our targets.

EURUSD remains bearish. Price tested 1.1650 after the FOMC minutes yesterday, but as we can see, the USD is holding up well despite the US Government shutdown.

The fact that the FOMC is cutting interest rates is giving the USD a breather. Many of the Fed members want the rate cut to be 25 basis points and one wanted it to be 50 basis points. The fact that they started this rate cut cycle remains important. It should support the economy in general.
Despite the USD having had very high interest rates for a long time, it was weak despite what should have been the opposite move.

We may finally have a balance and this optimism could support USD strength and could move EURUSD lower as shown on the chart near 1.1400 where it was during early August 2025.

Main targets:
1.1540 and 1.1440

You may find more details in the chart!
Thank you and Good Luck!