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Nov 13 - 02:36 AM
EUR/USD - Ticks Up Before Fed Chief Powell's Testimony
First appeared on eFXplus on Nov 13 - 12:20 AM
  • EUR/USD creeps up before Congressional testimony by Fed's Powell

  • Expected non-dovish remarks from Fed chief after last rate cut

  • Any hint that further easing considered would disrupt USD rally

  • EUR/USD may then emerge from Bollinger downtrend channel top 1.1048

  • Close above roof of Ichimoku Cloud at 1.1064 would break bearish bias

  • Hawkish Powell comments will guide EUR/USD below Cloud base 1.0967











Source:
Refinitiv IFR Research/Market Commentary

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