EURUSD all eyes on 1.03183

1 May 2022

EURUSD has been dropping since June 2021 when it bounced from 1.23010 and dropped by 3.02% in a single month. Now what next. This pair has been dropping following a rise in US Dollar. Heading to a new week and month, we will see if it will bounce from 1.03183 lows. This area acted as a support in Dec 16,Jan 2017. All eyes will be focused on what happens next week as we anticipate to see how the market will react to Fed interest rate decision, jobless claims BoE rate decisions and NFP report on Friday.