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EUR/USD trades above 1.1900, but its bullish potential remains limited while below the 1.1970 level, Valeria Bednarik, Chief Analyst at FXStreet, reports.

See:  EUR/USD  to push back to the 1.20 mark – Rabobank

Key quotes

“US Federal Reserve chief Jerome Powell is due to participate in an online banking event, although his words are expected to have a limited impact on markets after the central bank announced its latest monetary policy decision last week.”

“The EUR/USD pair has limited bullish potential in the near-term, as it would need to firm up beyond the 1.1970 to give bulls a chance.”