EUR/USD - What to Keep in Mind

Is the Euro finally ready to rebound?

After months of bearish pressure dragged EUR/USD to new 5-year lows earlier in May, the pair maybe be looking to make a sustained leg higher as the ECB seemingly succumbs to inflation pressures, and business outlook in of Germany is better-than-expected.

This helped the pair rally over 1.2% on Monday, adding to last week’s gains, and could now be targeting a breakout above 1.0700

Check out this in-depth technical analysis into EUR/USD:

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Thank you for this. I agree. I think the EURO is poised to rally even higher in the coming weeks. Also, I suspect the dollar will continue to slide, due to inflation pressures.

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Just the read I need since I’ve been thinking of trading EURUSD on demo. Thanks berry much! :strawberry:

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