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EURUSD News

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Last Updated Date: 9 May 2022 @ 6:39 AM (UTC)
*Please note that all the dates are in GMT time zone

The Euro market continues its weakness as it is short/medium term bearish and Friday’s weakness and break leave trade poised for follow through selloffs, suggesting a wash towards the 1.0482, when broken 1.0423 December 2016 Low. Only a close over 1.0611 (SAR) stops the downturn and signals for a short term retracement phase.

Resistance 2      1.0588
Resistance 1      1.0564

 
Support 1           1.0511
Support 2           1.0481



 
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