11 May 2023

EUR/USD resumes decline, approaches the 1.0900 level

EUR/USD has resumed its slide early in the American session and is on its way to challenging the 1.0900 figure. Risk aversion leads financial markets, with stocks in sell-off mode, hinting at further US Dollar gains.

Support levels: 1.0890 1.0830 1.0785
Resistance levels: 1.0955 1.1000 1.1050

Source: FxStreet

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