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EUR/USD Price Erases Daily Losses Despite Upbeat US CPI

Posted by: Forex Crunch in Forex Analysis May 11, 2022

The EUR/USD pair could come back down if it stabilizes under the weekly pivot point. A new lower low could activate a larger drop. The bearish scenario could be invalidated by a valid breakout above 1.0593. The EUR/USD price plunged after the US inflation data was released. It has dropped as low as 1.0501, where … Continued
The post EUR/USD Price Erases Daily Losses Despite Upbeat US CPI appeared first on Forex Crunch.

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