đź‘€Possible scenario:
The euro (EUR) edged up 0.19% on May 9 amid optimism over trade deals. The U.S. dollar remained under pressure from unpredictable trade policies but stabilized after the Fed signaled no near-term rate cuts.
With a quiet macroeconomic calendar on May 12, market volatility is expected to stay low, though end-of-week position adjustments could trigger sharp moves. Traders are watching April inflation data for signs of tariff impact. EUR/USD remains bearish below the key 1.13000 level.
âś…Support and Resistance Levels
Now, the support level is located at 1.09500.
Resistance level is now located at 1.13700.
The euro (EUR) edged up 0.19% on May 9 amid optimism over trade deals. The U.S. dollar remained under pressure from unpredictable trade policies but stabilized after the Fed signaled no near-term rate cuts.
With a quiet macroeconomic calendar on May 12, market volatility is expected to stay low, though end-of-week position adjustments could trigger sharp moves. Traders are watching April inflation data for signs of tariff impact. EUR/USD remains bearish below the key 1.13000 level.
âś…Support and Resistance Levels
Now, the support level is located at 1.09500.
Resistance level is now located at 1.13700.
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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.