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Mar 07 - 06:55 AM

EUR/USD - Stasis Ahead Powell Testimony

By Jeremy Boulton  —  Mar 07 - 05:55 AM
  • Fed Gov Powell testimony to Senate at 15GMT

  • EUR/USD has traded a tight range for a month ahead the event

  • High since NFP shock on Feb 3 was 1.0805, low 1.0533

  • March range 1.0695-1.0567 EBS

  • Volatility suppressed with one-month benchmark 8.00

  • Closing break beyond daily cloud 1.0576-1.0781 is needed to excite

  • Key points to consider ahead Powell's testimony nL1N35F0PK




Source:
Refinitiv IFR Research/Market Commentary

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