EUR/USD remains in tight range; Fed’s Lacker resigns

EUR/USD continues to trade sideways, in a tight range. During the American session, the pair rose to 1.0669, after rebounding from 1.0634 (lowest since March 15). Currently, is hovering around 1.0660 after falling to 1.0650. 

Volatility remains low across financial markets after the resignation of Jeffrey Lacker, Richmond Federal Reserve President. He announced in January that he was leaving in October but today, after acknowledging that he gave confidential information to an analyst, said he was leaving immediately. 

He dissented several times with the rest of the FOMC, asking for a rate hike. During 2017 he had no vote. For the near present, Lacker’s resignation represents no change in the structure of the FOMC vote division. 

Richmond Fed Statement on Jeffrey Lacker's Announcement

Fed's Lacker announces resignation, says he was source of Medley leak

EUR/USD Technical levels 

To the downside, immediate support levels might be located at 1.0645/50 (American session low), 1.0630/35 (daily low), 1.0600 (psychological). On the opposite direction, resistance might be seen at 1.0675 (daily high), 1.0700/05 (Mar 31 high) and 1.0735/40 (Mar 29 low).