EUR/USD is suffering the pick-up in the risk aversion sentiment among market participants, coming under exacerbated downside pressure and recording fresh multi-week lows in the proximity of 1.1730 at the same time. The downside could extend further while investors are now focused on the testimony by Fed’s J.Powell, FXStreet’s Pablo Piovano briefs. Key quotes “On Tuesday, investors are expected to closely follow the first testimony by Chief Jerome Powell on the Fed’s response to the pandemic ahead of two other testimonies on Wednesday and Thursday. The dollar will, therefore, be under the microscope practically during the whole week.” “It seems that further downside in EUR/USD looks like a probable scenario in the short-term horizon. That said, the next relevant contention area emerges in the 1.1700 neighbourhood, considered as the lower bound of the August-September range. On the other hand, bullish attempts now low somewhat out of favour, although they should meet strong resistance in the 1.19 zone.” 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 Cryptocurrency projects jumping off the Ethereum ship due to high transaction fees FX Street 1 year EUR/USD is suffering the pick-up in the risk aversion sentiment among market participants, coming under exacerbated downside pressure and recording fresh multi-week lows in the proximity of 1.1730 at the same time. The downside could extend further while investors are now focused on the testimony by Fed’s J.Powell, FXStreet’s Pablo Piovano briefs. Key quotes “On Tuesday, investors are expected to closely follow the first testimony by Chief Jerome Powell on the Fed’s response to the pandemic ahead of two other testimonies on Wednesday and Thursday. The dollar will, therefore, be under the microscope practically during the whole week.” “It seems… Top 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.
