EURUSD Outlook: Navigating the Breakout Before FOMC Minutes

The broader market is witnessing a clear shift in risk appetite, driven primarily by a cooling inflation environment that has prompted Federal Reserve officials to signal a dovish pivot [1]. This policy outlook, paired with a preliminary agreement between the US and China to roll back tariffs by 15% [2], has injected fresh optimism into risk assets while pushing the US Dollar Index down to a two-month low [3]. On the economic calendar, today's focus rests heavily on the afternoon's FOMC Meeting Minutes, which will be scrutinized for details regarding the potential timing of upcoming rate cuts. Meanwhile, the morning's Initial Jobless…