EURUSD neutral

The potential for growth of EURUSD is limited

23 May 2022 137
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The EURUSD pair hasn’t reached the minimum of January 2017 at 1.034. The upward rebound doesn’t seem stable, at least, until it has managed to overcome the previously passed level of 1.065 — the bottom of the panic sales of March 2020.

 

They need good reasons to reverse the EURUSD trend in favor of growth. The euro may receive some support after the ECB meeting on June 9, but until then, a new entry down to 1.034 is more likely.

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