EUR/USD remains near daily highs after Fed minutes

EUR/USD  moved modestly to the upside after the release of the FOMC minutes from the latest meeting that took place before the Brexit referendum. The pair printed a fresh daily high at 1.1098. It was trading at 1.1086/90, up less than 20 pips for the day so far.

According to the FOMC minutes from the June meeting, participants agreed that it was prudent to wait until after the UK referendum before making a move regarding interest rates. Most officials continue to see a warrant rate hike if growth picks up.

Fed’s minutes had little impact on the currency market so far. Greenback remains around the levels it had before the release while US stocks rose modestly. The Dow Jones was moving toward daily highs and it was up 0.27% and the Nasdaq 0.52%.

EUR/USD technical levels

To the upside, resistance level might be located at 1.1100, 1.1130  (June 29 high) and 1.1170 (June 30 high). On the opposite direction support could be seen at 1.1060 (20-hour moving average), 1.1027 (daily low) and 1.0970 (June 27 low).