Powell failed to impress traders. However, the dollar remained strong amid the upbeat data. Traders shifted the focus to EU GDP and Fed’s representatives.
The main scenario is a growth to the area of 1.1030.
An alternative scenario is a decline to the 1.0980 level.
Buy the EUR/USD pair to 1.1030 if the spot returns above 1.1000.
A break below 1.0990 would likely accelerate the decline leading to a test of 1.0980.