EUR/USD could break through several days old range
1.19 comes into focus
EUR/USD sees choppy rangebound potentially aiming to extend gains from last week’s monthly lows in the 1.1740/35 with risk appetite driving direction.
Markets are undecided over risk off – safe haven supportive direction or risk on riskier assets trading.
Looking ahead, attention will turn towards the testimonies by Chief Jerome Powell on Tuesday, Wednesday and Thursday, in addition speeches from several FOMC members.
On the economic calendar flash PMIs for the US and Eurozone will be under the spotlight in addition to usual weekly report on the US labour market. On Monday, ECB’s Christine Lagarde will speak.
