Technical analysis of EUR/USD pair for the week of May 11 to 16

Trend analysis: The price from the level of 1.0837 (closing of the last weekly candlestick) is likely to decline this week with the target at 1.0785 – support line (blue bold line). After testing this line, perhaps the price will start to move up with the target of 1.0862 – a pullback level of 38.2% […]