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Daily outlook for EUR/USD: Nordea

Quotes from Nordea Markets:

-EUR/USD has been trading in a fairly narrow range throughout most of February, consolidating after the big swoon at the start of the year. The USD has been surprisingly resilient despite profit-taking after ECB QE and a plunge in the US economic surprise index.

-The USD needs more kindling if it is to resume its uptrend. Today's Humphrey-Hawkins testimony will be of key interest for the USD: will Yellen toughen up her rhetoric versus the slightly dovish tinge of the January minutes?

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