Following the strong 1.1687 collapse suffered yesterday by the EUR/USD as a result of strong data from retail sales and US manufacturing Empire, the pair recovered above 1.1700, although the advance has been limited in late The Asian session for zone 1.1747, high of the day so far.
This Wednesday is interesting for operators waiting for important moves. The calendar gives us the Eurozone GDP at 09.00 GMT, the beginnings of housing and US building permits. At 12.30 GMT and, as a highlight of the day, the FOMC Minutes at 18.00 GMT.
With the pair trading at 1.1730 / 35 this time, a new bearish momentum would drag the euro into yesterday's lows at 1.1687 / 90. Below, the fall could extend to 1.1650, en route to a long-term uptrend line around 1.1570.
On the upside, the resistances are expected in the area of 1.1780 and, above, in the region of 1.1820.