EUR/USD charts may provide an opportunity.
EUR is poised below the 1.1774 21-day moving average.
A sustained 1.1774 break could open the door to the 1.1897 upper 21-day Bollinger band.
A 21-day moving average break has been pivotal for moves between the upper and lower Bollinger bands, as was the case in July, earlier in August, and perhaps into September - see chart.
Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Friday is the major event risk of the week.
Many expect him to confirm recent Fed official comments that a tapering announcement is likely at the November FOMC meeting, but only if upcoming data is supportive nL1N2PV0TB.
Whatever the outcome of the speech, expect volatility, as markets position for September.
EUR/USD remains dollar driven, which is likely to extend, as Europe's outlooks remain mixed due to several factors: the Delta variant, vaccination rollout and the impact of the COVID-19 pandemic on the economic recovery.
The ECB Chief Economist Philip Lane was upbeat about the EU recovery on Wednesday, despite the fast-spreading Delta variant nF9N2N601F.
Meanwhile German business morale fell for a second month, on supply chain issues and COVID-19 concerns nL8N2PW1QP.
Technically, EUR/USD momentum studies are positive, 5, 10 & 21 daily moving averages conflict, which is a neutral setup.
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