EURUSD: Buy breakout limits for the range.
Jerome Powell, the future head of the Fed (to start in February), made it clear that he will conduct a tough anti-inflation policy. The market took it in favor of the dollar. Powell said at a hearing in the Senate Banking Committee that "there is no point in overheating the economy." This means that the new head of the Fed will not wait for the acceleration of inflation, but will raise rates on the dollar in advance.
The euro was down. The growth of the EURUSD pair halted.
Buy the euro on the break of the range from 1.1925.
Alternative: Selling for a breakthrough downwards at 1.1710.