Search ForexCrunch
  • EUR/USD remains under pressure in weekly lows around 1.1060 ahead of the key speech by Fed’s J.Powell.
  • Extra gains appear limited by recent tops in the vicinity of the 1.1120 level ahead of the more relevant 21-day SMA at 1.1132.
  • If the selling pressure gathers renewed traction, immediate contention is seen around 1.1060 (weekly lows) ahead of the 2019 low at 1.1026.

EUR/USD daily chart