The European Central Bank released its monthly meeting minutes yesterday. The minutes revealed that policymakers were contemplating whether to restart the bond purchase program. Many members also grew concerned about the lack of inflationary pressures. The euro did not react much to the release of the minutes.
EURUSD Rebounds off Support
The common currency was seen reversing losses off the 1.1250 level of support. The current momentum could potentially establish further gains in the near term. The minor resistance level is seen at 1.1340. A retest of this level could keep the overall price action rather subdued.
