Daily Market Analysis 11 May 2022

Daily Market Analysis 11 May 2022

  • Market News
  • Daily Market News
  • 2022, 11 May

EUR/USD

Technical Outlook

On the daily chart, EUR/USD picks up bids near 1.0540, the gain extended in the European session. The spot latest recovery arise from the consolidation range. The downside risk limited 1.0400.

USD retraced lower helps EURO gains



Technical Indicators
Action
RSI (35)
SELL
Oscillator (18)
SELL
MACD (Below Midline) 
SELL
200 EMA (1.1251) 
SELL


Strategy

Action
BUY
Entry
1.0540
Target 1
1.0570
Target 2
1.0600
Stop Loss
1.0510


Key Signposts

EUR: ECB President lagarde speech


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