EURUSD is currently moving in line with expectations.
Since the beginning of the week, it has been trading sideways, and yesterday it bounced off the 38.2% retracement level.
On the next bullish move, it’s important to watch how it reacts to the previous high and whether it can continue with a strong impulse.
Today, FED Chair Powell has a press conference, which could lead to increased market volatility.
Tomorrow, the ECB’s interest rate decision is expected.