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Enter your emailThe outlook of the pair is currently neutral, meaning that a breakout will happen in either side.Timeline: 1-2 days.The EUR/USD pair bounced back slightly in the overnight session after it crashed to a low of 1.1285 on MondayAdvertisementThe overnight session was characterized by rising volatility in the United States. The CBOE Volatility Index rose by over 17% on Monday as investors remained concerned about the Federal Reserve and its potential actions this year.
The rising volatility is mostly because of the Federal Reserve. Judging by the past utterances by Fed officials, analysts have started to price in a more hawkish Fed in the next few months.
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