The US dollar is on track for substantial growth over the week and is near annual highs, following tough rhetoric from the head of the Federal Reserve leading to an increase in short-term treasury bond yields.

EUR/USD pair support

As we suspected before, the EUR/USD pair found support around the level of 1.0530. It should be noted that this zone was not surpassed even against the backdrop of Jerome Powell’s speech, which contributed to the strengthening of the US dollar. This does not mean that we won't see a new minimum, but the probability of upward movement, in this case, has increased.