• EUR/USD has carved out an M-formation with a 50% mean reversion eyed.
• 1.0520 guards 1.0480 while bulls will need to get above 1.06 to open risk to 1.0700.

EUR/USD was little changed at 1.0547 but it fell to 1.0524 was trading just above this year's low of 1.04820 reached on Jan. 6. after Federal Reserve Chairman Jerome Powell offered no major surprises on his second day of testimony before Congress and as investors waited for jobs data on Friday.