EUR/USD Sees Modest Rebound Amid Ongoing Bearish Trend, Eyes 1.0500 Level
The EUR/USD showed a slight rebound today while the general trend was still bearish with the next target set at the 1.0500 area. The ECB's potential rate cut in June, prompted by recent CPI data, contrasts with the Fed's possibly hawkish stance and the likelihood of a delayed rate cut in September as inflation rebounds.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
1.0950 |
1.0870 |
1.0800 |
1.0700 |
1.0660 |
1.0500 |