EUR/USD has just pierced the psychological 1.15 handle with Powell saying that the Fed ‘May Raise Rates Past ‘Neutral’.
Earlier remarks:
- Fed’s Powell: U.S. economy ‘remarkably positive’
- Not really seeing any impact yet from trade disputes
- We do not detect financial instability as elevated now
EUR/USD has been changing hands below the daily cloud and RSIs are still biased to the downside. A break of and a close below 1.1500 and a run below the 61.8 Fib at 1.1499 of 1.1302 august low and 1.1818 opens the 1.1424 76.4% Fibo of the same range.
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