EUR/USD Holds 1.13 Range Ahead of Critical Fed Minutes Release

EUR/USD remains anchored around the 1.13 level as markets await the Federal Reserve minutes for fresh directional cues. The pair has entered a consolidation phase after recent volatility, with traders reluctant to take significant positions before the Fed's policy insights. USD/JPY continues to show strength amid monetary policy divergence, while NZD/USD faces pressure from risk sentiment shifts. The USD/SEK pair also draws attention as Swedish economic concerns weigh on the krona. The upcoming Fed minutes could provide crucial guidance on the central bank's rate trajectory, potentially breaking EUR/USD out of its current range. Technical indicators suggest the pair is coiling for a decisive move, with resistance at 1.1350 and support at 1.1250. Traders are positioning for potential volatility, with the minutes likely to influence dollar pairs across the board through clarification of the Fed's economic assessment and policy outlook.