The MACD is curving Down. The Stochastics is turning Down. The EURUSD market shows short term peaking action, driving initial topping selloffs to test 1.0700 retracement support. A close under 1.0700 alerts for a larger top/downturn and projects selloffs to 1.0580 - 1.0496.
Last Updated Date: 31 May 2022 @ 6:14 AM (UTC)
*Please note that all the dates are in GMT time zone
The dollar was up on Tuesday morning in Asia. The euro gave up some of its recent gains but was still set for its best month in a year, with markets repositioning in anticipation of interest rate hikes in Europe and potentially slower U.S. rate hikes.
