offered no major surprises on his second day of testimony before Congress and as investors waited for jobs data on Friday.
The Fed's decisions will be hinging on data to be issued before the US central bank's policy meeting in two weeks which makes this week's US nonfarm Payrolls event key for EUR/USD. The price is rested above key structural support ahead of the event as the following illustrates:The price has carved out an M-formation which is a pattern that tends to see a retest of the neckline near a 50% mean reversion in this particular case. 1.0520 guards 1.
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