Traders seem
reluctant and prefer to wait for this week's key central bank event risks
before placing aggressive directional bets, which, in turn, leads to the
EUR/USD pair's subdued range-bound price action.
The Federal Reserve (Fed)
Chair Jerome Powell's congressional testimony on Wednesday and Thursday will be
looked upon for cues about the rate-cut path.
This, along with the European Central Bank (ECB)
monetary policy decision on Thursday, will help in determining the near-term
trajectory for the currency pair.
