EUR/USD

29 May 2020

EUR/USD found some support n the 45 minute chart at around 1.11320 (fib 127.2%), closing to a critical level at 1.11516 (fib 1.414). With Aroon up easing down to 92.86% and the currency pair consolidating, there is the possibility that the current gains of the Euro against the Dollar is easing and a reversal is a around the corner. If a second wave is a potential threat, the dollar will test its 99.00+ levels and the EURO will be unable to hold its current price.