EUR/USD reached 1.4946 after the FOMC minutes revealed that the committee considered increasing its asset purchase (QE) program. Protection of 1.4950 barriers was rumored. Prices have fallen back to 1.4910 with US equities not confirming the EUR/USD rally holding their prior highs seen before the Minutes.
The market is very, very long, so it will not be one-way traffic, no matter what the news. Short-term traders should keep stops tight. Many are seen now in the 1.4840/65 area.
