EUR is Gaining Strength against USD

٢٠ مايو ٢٠٢٢

Bullish divergence is spotted here on daily time frame indicating a possible reversal. If the price breaks the trend line, we should expect a rebounce on previous support level at 1.084. If this support level breaks, the next target is the previous resistance level at 1.113. However, depending on macroeconomics situation, rejection on any of this level is possible that may lead the price to test the previous low at 1.036.