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EUR/USD trade above 1400 focus ECB minutes

EUR/USD trades above the handle level 1.1400, finding good support ahead of 10-4H SMA placed at 1.1385. The main currency pair failed to sustain at the six-month tops and retreated in the overnight trades, now consolidating around 1.14 handle amid mixed markets, awaiting fresh impetus from the European open as well as ECB March monetary policy meeting minutes.

The EUR/USD pair dropped nearly 20-pips to 1.14 barrier on the dovish FOMC minutes release and now extends its struggle with the last, as markets continue to assess the cautious Fed stance on the monetary policy. Meanwhile, the US dollar index trades -0.10% lower at 94.40 levels, heading towards fresh half-yearly lows printed yesterday at 94.25.

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