EURUSD defends 1.15 as central bankers speak

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A high level monetary panel - today’s main event – consisting of Powell, Draghi and Kuroda, failed to spark big moves on the FX market. Powell expressed confidence regarding the US economy but that’s nothing that we have not heard before. Still the EURUSD has been able to erase morning losses and at present a daily bar looks like a bullish hammer. The pair defends the pivotal 1.15 support zone for the fourth trading day, a sign of determination from the bulls. Still, some kind of impulse might be needed to take this market higher.

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