Fed Minutes Leave Traders Divided

Although the Fed feels confident that inflation is under control, most economists still expect another rate cut before year’s end. The only question seems to be on of timing. The consensus is divided between October and December. This has bolstered the Euro and the EUR/USD currency pair is moving higher. For a long trade watch for a sustained break of resistance at 1.4148. A retest of the recent high of 1.4281 may be in play.