The Fed chief will make a report to Congress in the evening of February 11.
You should not expect tough statements from the Fed chief - he will act on the principle of "do no harm" - everything is fine in the US economy, the dollar is strong - and there is no point in further strengthening the dollar's growth. Rather, it would be beneficial for the Fed to slightly pull down the dollar.
EURUSD: The euro is at long lows and looks ready to try to break out 1.0880.
However, one must be careful: the indicators on the day and H4 show a strong "oversold" - this requires some "unloading" of indicators:
A strong bounce is possible upwards - up to 1.0960 or higher.
We keep selling from 1.0990.
Possible sales from 1.0960.
