EUR/USD to retest resistance cluster at 1.08

After FOMC meeting minutes said that a rate hike decision was "a close call", market participants decided to sell the Dollar on Wednesday. Gains are being prolonged on Thursday at the moment of writing, with EUR/USD attempting to attack the busiest resistance zone at 1.08. However, another obstacle is represented by 55-day SMA at 1.0836, followed by 20-day SMA at 1.0861. Within the bearish pattern, the pair is capable of growing as high as weekly R1 near 1.0950, while the medium-term forecast still remains bearish, as suggested by technical indicators on all time frames.  

The percentage bullish SWFX trades dipped from 43% to 41% by Thursday morning, while both 50 and 100-pip pending orders are still set to sell the Euro in more than 60% of all cases.