Trading plan for EUR/USD for May 07, 2020

Technical outlook: EUR/USD has dropped lower beyond our expectations and is trading around 1.0784 levels at this point in writing. Immediate support is seen at 1.0730 levels, followed by 1.0636, while resistance should be strong at 1.1200 respectively. If EUR/USD drops below 1.0730, the fibonacci 0.88 retracement can provide a last support. The overall structure […]