EurUsd outlook

2020년 5월 17일

All last week, EurUsd was trading in a tight range with a clear 1.09 resistance and 1.08 support.
The pair looks like it is accumulating pressure to the downside and we can assist a break next week.
The first target for sellers is 1.0650 support, but, considering the tight range, I wouldn't be surprised if the pair would dive even lower to 1.05 psychological support.
I favor short positions as long as the price is under 1.09