EUR/USD Decline Continues Amid Dollar Strength: Targets 1.0500 Area

The EUR/USD pair continues to decline as the dollar strengthens, breaking through the 1.0660 level 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