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EURUSD Technical Analysis

On the daily chart below, we can see that EURUSD has sold off pretty heavily from the 1.1033 resistance as US economic data in May beat expectations and made the market to reprice interest rates odds on the hawkish side. The bias is clearly bearish with the moving averages crossed to the downside and EURUSD printing lower lows and lower highs. The support level at 1.0700 is giving EURUSD bears a hard time as we need more strong data to price in something more hawkish now, and therefore a pullbac... Read More

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Content Topics

Eurusd

Technical

Analysis

Forex

Posted: Jun 1 2023, 10:56

Author Name: forexlive

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