Part 1/2
Flows: As of May 22, bearish for EUR (2/10), bullish for USD (8/10)
Economic Surprise Index: Neutral (slightly more bullish for USD)
Technicals: The pair retraced at the 1.10 resistance near the 200-day MA, with the 1-hour chart showing a pullback to a short-term resistance level.
Resistance levels: 1.0920, 1.1000
Support levels: 1.0800, 1.0780
Risk Sentiment and Narrative: USD bullish (US-China trade tensions).
Interest Rates and Correlations: Next post (Part 2/2)
Flows: As of May 22, bearish for EUR (2/10), bullish for USD (8/10)
Economic Surprise Index: Neutral (slightly more bullish for USD)
Technicals: The pair retraced at the 1.10 resistance near the 200-day MA, with the 1-hour chart showing a pullback to a short-term resistance level.
Resistance levels: 1.0920, 1.1000
Support levels: 1.0800, 1.0780
Risk Sentiment and Narrative: USD bullish (US-China trade tensions).
Interest Rates and Correlations: Next post (Part 2/2)
Related publications
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.
Related publications
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.