EUR/USD Slips on Dovish ECB, Hawkish Fed
The EUR/USD pair found resistance at 1.0660 where the bearish outlook continues with the next target set at the 1.0500 area. The ECB's potential rate cut in June, prompted by recent CPI data and ECB member's speeches, 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 |