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EURUSD News

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Last Updated Date: 30 May 2022 @ 6:54 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar nursed last week's losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little. (Reuters).

Technically the EURUSD staus is overbougt. The market shall signal a short term peaking turnover and warns for selloffs back under 1.0661, possibly testing the last swing low. Trade is poised to extend selloffs the next few days ⇒ 1.0595 . Any corrections trapped within Friday’s range will stay aligned for selloffs.

Resistance 2      1.0777
Resistance 1      1.0755
 
Support 1           1.0711
Support 2           1.0691


 
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