EUR/USD is confined in a tight range ahead of Fed’s Powell testimony. The level to beat for sellers is the 1.0995 support level. EUR/USD daily chart The Euro, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DMAs). Fed’s chief, Jerome Powell will be testifying on the economy before a special Congressional commission at 16:00 GMT. Traders will be on the lookout for any clues about the future of monetary policy. EUR/USD four-hour chart The spot is drifting down as it remains depressed below the 1.1016. Investors are likely looking for an extension of the bearish move towards the 1.0995, 1.0965 and 1.0920 support levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is under pressure 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 Dow Jones Index News: stocks opened in the red on trade concerns, Powell FX Street 3 years EUR/USD is confined in a tight range ahead of Fed's Powell testimony. The level to beat for sellers is the 1.0995 support level. EUR/USD daily chart The Euro, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DMAs). Fed's chief, Jerome Powell will be testifying on the economy before a special Congressional commission at 16:00 GMT. Traders will be on the lookout for any clues about the future of monetary policy. EUR/USD four-hour chart The spot is drifting down as it remains depressed below the 1.1016. Investors are… 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.
