👉🏼Possible scenario:
The euro (EUR) saw a volatile session on May 14, hitting 1.12661 before closing 0.11% lower, as traders reacted to easing global trade tensions. The U.S. dollar index jumped over 1% on May 13 after the U.S. and China agreed to reduce tariffs, easing recession fears.
On May 15, EUR traders should watch for updates on global trade and peace talks in Eastern Europe. The U.S. Retail Sales report at 12:30 p.m. UTC could move EURUSD — strong data may push it down to 1.11660, while weak data could lift it back toward 1.12680.
✅Support and Resistance Levels
Now, the support level is located at 1.10850.
Resistance level is located at 1.12590.
The euro (EUR) saw a volatile session on May 14, hitting 1.12661 before closing 0.11% lower, as traders reacted to easing global trade tensions. The U.S. dollar index jumped over 1% on May 13 after the U.S. and China agreed to reduce tariffs, easing recession fears.
On May 15, EUR traders should watch for updates on global trade and peace talks in Eastern Europe. The U.S. Retail Sales report at 12:30 p.m. UTC could move EURUSD — strong data may push it down to 1.11660, while weak data could lift it back toward 1.12680.
✅Support and Resistance Levels
Now, the support level is located at 1.10850.
Resistance level is located at 1.12590.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.