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May 27 - 02:55 AM

EUR/USD - Encounters Imposing Resistance, Unlikely To Clear Soon

By Jeremy Boulton  —  May 27 - 02:20 AM
  • May 27 EUR/USD 1.0706-65 EBS range, highest since Apr 25

  • Peak 20-Day Bollinger bands is 1.0775, 55-DMA 1.0774

  • The target for a minimum tech correction of 2022 drop is 1.0786

  • With traders already long a swift break into overbought territory unlikely

  • Profit taking may limit upside progress ahead weekend


EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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