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EURUSD Technical Analysis

On the daily chart below, we can see that the downtrend remains strong in the EURUSD pair. The multiple failures to break the 1.1033 high, coupled with stronger than expected US data and a hawkish repricing in interest rates expectations, led to a big selloff. The double top at the 1.1033 high may take us all the way back to the 1.0533 support, which is also the neckline of the pattern. In such a scenario, EUR/USD would erase all the post-SVB collapse rally, which is something we’ve also been se... Read More

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Eurusd

Technical

Analysis

Forex

Posted: May 25 2023, 10:22

Author Name: forexlive

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