EUR/USD: Daily update, more weakness ahead?
Part 1/2
Flows: As of May 22, bearish for EUR (2/10), bullish for USD (8/10)
Economic Surprise Index: Neutral (slightly more bullish for USD)
Technicals: The pair retraced at the 1.10 resistance near the 200-day MA, with the 1-hour chart showing a pullback to a short-term resistance level.
Resistance levels: 1.0920, 1.1000
Support levels: 1.0800, 1.0780
Risk Sentiment and Narrative: USD bullish (US-China trade tensions).
Interest Rates and Correlations: Next post (Part 2/2)
Flows: As of May 22, bearish for EUR (2/10), bullish for USD (8/10)
Economic Surprise Index: Neutral (slightly more bullish for USD)
Technicals: The pair retraced at the 1.10 resistance near the 200-day MA, with the 1-hour chart showing a pullback to a short-term resistance level.
Resistance levels: 1.0920, 1.1000
Support levels: 1.0800, 1.0780
Risk Sentiment and Narrative: USD bullish (US-China trade tensions).
Interest Rates and Correlations: Next post (Part 2/2)
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