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Forex pairs in this Article » EUR/USD
FXstreet.com (San Francisco) - The Euro has reacted slightly down to the FOMC minutes and against the Dollar, the pair has retreated from the highest level since September 21 at 1.3030 to trade at 1.3010 in the latest few minutes.

Currently the pair is trading at 1.3014, 0.87% above opening price action. "Early week range has been broken to the upside, with scope now to test 1.3030 before facing some selling interest", says Valeria Bednarik, chief analyst at FXstreet.com. "Above this latter, doors will open for a ride towards 1.3100 later on the day".

The FOMC saw significant downside risks to growth, according to its minutes. They think that new policy is appropriate for 'Several More Years.'
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