After an intraday low of $1.1695 yesterday, the EUR/USD made a strong rebound on news that FOMC’s J. Powell could be the next U.S Fed Chief (somewhat dovish for the greenback).

On the 30 mins chart, further downside on the EUR/USD could be seen after a pullback near $1.1800/11. However, a break above last week high of $1.1833 would suggest that a bottom at $1.1695 might be in place.




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