EURUSD - the calm before the storm


Markets are quiet in anticipation of the upcoming annual FED symposium in Jackson Hole, which begins August 26. On Friday, Jerome Powell is expected to hold a press conference where he may comment on tapering and voice his concerns about the delta variation of the covid. 

At the moment EURUSD is stuck in a wide range of 1.1700 and 1.1800. Most likely there will be no significant movement until Powell's press conference.