Trading Signal for EUR/USD on May 20-22, 2022: sell below 1.0575 (21 SMA)

EUR/USD registered highs for the day at 1.0598 after finding support twice in the area of 1.0554. In the American session, the Euro is trading below the 21 SMA with a bearish bias and above the 200 EMA located at 1.0512. Selling pressure around the US dollar (USDX) supported the strong rally in the EUR/USD […]