The EUR/USD currency pair shows slight gains but remains largely sideways, hovering around 1.0300 in Tuesday’s trading session. Market participants are cautious as they await Federal Reserve Chair Jerome Powell’s testimony set for 15:00 GMT. Investors will closely analyze Powell’s insights to determine the lasting impact on interest rates and the overall economic outlook. The potential repercussions of tariff policies also loom over monetary policy discussions. This critical testimony will likely dictate the short-term direction of the pair, making it a significant event for forex traders.