The risk of EURUSD pullback increases

11 May 2023

EURUSD fluctuated from a high level and fell back, and the short-term market has a need for a callback. In terms of technical indicators, KDJ went down after the dead cross, and the short signal was obvious. At present, you can pay attention to the resistance in the 1.100-1.102 area. If you encounter resistance in the rebound, you can consider shorting. Below, pay attention to the 1.090 mark. After breaking through, it will go to around 1.080.