EUR/USD Stages Rebound Despite Bearish Trend
The EUR/USD pair continues its rebound while the general trend is 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 |