Could the FOMC-Minutes support the U.S. dollar today?

Today comes just a few economic data and the largest focus of investors is now well on the publication of the minutes of the last FOMC meeting. It is assumed that the protocol will be further evidence of tapering the 85 billion dollar program for the purchase of bonds by the Fed.
It is questionable whether the protocol will also have a greater positive impact on the price of the USD. A possible restriction should continue to be made dependent on a positive and sustainable growth of the U.S. economy, as have already expressed members of the FOMC Board. Now the latest published data to the U.S. economy were indeed partially below forecasts, but overall showed a positive and some reasonably stable growth. The data published so far this month but should be already priced into the USD. Even under the premise of the impact they have on the future course of the Fed.

The rise of the euro against the U.S. dollar at about 1.34 shows that the expectations of a clearer indication of tapering are more subdued, but this increase was not caused by significant, positive news from the euro zone. It was just the determination by the German Bundesbank, the ECB announced longer-term low interest rates could rise quite through high inflation pressure. In principle, an equally logical, as well as wishy-washy statement. But the reaction on the market also shows that the market is waiting for signals to the tightening of monetary policy by the central banks. Therefore, it is not certain that the FOMC minutes will support the dollar today. But should be included positive details that previously could not be included in the assessment of the USD, it will resume its bullish trend again.

Forecast EUR / USD:

Short: <1.3371
Long:> 1.3455
S / L at 20 pips
TP ~ 40Pips

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