EURUSD Short Term Relief Rally - May 2022

EURUSD has formed a range at the 1.05 level over the last few days suggesting a support has formed here, at least temporarily. If this support is indeed a strong one, we will see a break of the structure on lower timeframes to at least 1.0650-1.0675. I'm not as confident Euro can rally higher than that, we'll more than likely continue some ranging structure if 1.05 is holding.