EUR/USD

May 4, 2022

The price of the euro against the dollar is in a bearish direction, to settle now around the level of 1.0510, and stability below the mentioned level may be a reason for the bearish trend. We expect attempts to descend for the pair towards the price of 1.0450 as a first target, the loss will be stopped at the point
1.0550
Support : 1.0450
Pivot point: 1.0550
Resistance: 1.0550
It descended below 1.0500 levels and reached 1.0450 levels, and the stop loss was at 1.0550 . levels