Recent statements from Fed Chair Jerome Powell suggest a dovish path ahead, impacting the performance of the US Dollar against major currency pairs like EUR/USD and GBP/USD. The ongoing trade tensions and Powell’s commentary create a cautious sentiment in the forex market. Both pairs are trading near crucial pivot levels, indicating the potential for significant movements in either direction. Traders should stay informed as market sentiment shifts and new economic indicators are released. Analyzing these factors will be vital for anticipating future volatility and trading opportunities within these pairs.