EUR/USD Forecast. Tests Resistance At 1.0335 – 1.0350

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U.S. Dollar Index is losing some ground as traders react to Powell’s testimony. He noted that if inflation fell more quickly than anticipated or the labor market weakened unexpectedly, the Fed would ease its policy accordingly.

EUR/USD tests resisance at 1.0335 – 1.0350 as traders react to comments of ECB’s Kazaks, who said that U.S. – EU talks could soften the blow of tariffs.

If EUR/USD manages to settle above the 1.0350 level, it will head towards the next resistance level, which is located in the 1.0420 – 1.0435 range.

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