EUR/USD is confined in a tight range during Fed’s Powell testimony. The level to beat for bears is the 1.0995 support level. EUR/USD daily chart The Fiber, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). Fed’s chief, Jerome Powell, is currently testifying on the economy before a special Congressional commission. EUR/USD four-hour chart The spot remains under pressure below the 1.1016 level. The market is likely looking for an extension of the down move towards the 1.0995, 1.0965 and 1.0920 support levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Euro is trading in a tight range below its main SMAs. Resistance can be seen at the 1.1016, 1.1033, 1.1056 and 1.1079 price levels, according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FOMC Chairman Powell testimony: Labour market is not sending any signal that it is too hot FX Street 3 years EUR/USD is confined in a tight range during Fed's Powell testimony. The level to beat for bears is the 1.0995 support level. EUR/USD daily chart The Fiber, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). Fed's chief, Jerome Powell, is currently testifying on the economy before a special Congressional commission. EUR/USD four-hour chart The spot remains under pressure below the 1.1016 level. The market is likely looking for an extension of the down move towards the 1.0995, 1.0965 and 1.0920 support levels, according to the Technical… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
