EURUSD

The emphasis on the upward risks of inflation in the FOMC minutes strengthened the dollar index. The EUR/USD pair fell approximately 0.6% to the level of 1.0940 in the last 24 hours. The concern mentioned in the minutes that "inflation may be more persistent than expected" reinforced the perception that the Fed may postpone interest rate cuts. Technically, the critical support level is 1.1090, while 1.0820 should be monitored as resistance. Europe's growth concerns and the resilient outlook of the U.S. economy support the decline in the pair.