This week’s EURUSD strategy with support and resistance levels


The start of the new week begins with a holiday in the United States, which is Memorial Day.
But on the other hand, this morning we have important data on the German economy, IFO – Business Climate, and lately the data from Europe is affecting the currency markets much more actively compared to a few months earlier.
After the EURUSD peak of 1.0895 on May 16, a very smooth downward correction followed to end the week at 1.0845 levels. Our prediction at is that this smooth trend of dollar strengthening against the euro will continue in the coming week. We expect to see EURUSD levels of 1.0770, while resistance levels for the week go to 1.0865 with possible moves to 1.0910.

Source: World-Signals

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