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Euro Week Ahead

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by , 05-30-2022 at 06:18 PM (177 Views)
      
   
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The Euro saw its best two-week performance since January as the markets boosted ECB rate hike bets and cooled Fed tightening expectations. EUR/USD still faces multiple obstacles next.
Daily price was bounced from 1.0349 support level to above for the bear matrket rally to be started. The price is trying to break the bullish triangle pattern with 1.0764 resistance level to above for the possible bullish reversal to be started. Alternatively, the price will be on secondary ranging below Ichimoku cloud.

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