EURUSD

Today, all eyes in the market will be on Fed Chairman Powell's speech starting at 3:30 PM; the messages that come out of this speech could cause sharp movements in the Dollar index. The EURUSD pair struggles with upward reactions at resistance levels of 1.18427, 1.17871, and 1.17474, while the 1.16760 level acts as both a short-term pivot and a volatility zone. A dovish or hawkish Powell will be the main catalyst directing the pair; below, strong supports are respectively at 1.16363, 1.15649, and 1.15094. Until the ECB's interest rate meeting on Thursday, developments from the economic calendar will be decisive in pricing.