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20.05.2021 04:49 PM
EUR/USD Hot Forecast for 20 May, 2021
  • EUR/USD picks-up extra pace beyond 1.2200.
  • The greenback loses further momentum and lifts the pair.
  • US Initial Claims rose by 444K, Philly Index came in at 31.5.

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EUR/USD met decent resistance in the 1.2245 region earlier in the week, extending the bounce off last week's lows in the mid-1.2000s and always on the back of the strong bounce in yields of the German 10-year Bund and the generalized upbeat tone in the risk complex.

Jan Novotny,
Analytical expert of InstaForex
© 2007-2025
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