Keeping with the lower for longer theme, the FOMC minutes reveal that the committee discussed increasing its asset purchase program. The outlook has improved but it still remains quite weak, the minutes noted.
There’s your dovish surprise: EUR/USD is through 1.4920.
1.4950 and especially 1.5000 barriers should provide upside targets near-term. Medium-term, bulls are targeting levels between 1.52 and 1.53.
