- May 14, 2020
- Posted by: Analysis Team
- Category: Forex News
Bets for EUR/USD to breach the 1.08 mark remain on the rise.
Interim support emerges at May’s low at 1.0766.
EUR/USD is prolonging the consolidative note in the lower end of the monthly range so far this week.
While further consolidation looks likely in the very near-term, the probable break below 1.08 has been gathering traction as of late.
That said, the initial magnet to the downside sits at monthly lows in the 1.0770/65 band ahead of April’s low at 1.0727 (April 24th).
EUR/USD daily chart