EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, posting a fresh 2024 low of 1.0600. Although the pair has been regaining ground since then, the momentum indicators are still tilted to the downside. Should the rebound resume, the recent resistance of 1.0752 could prove to be the first barrier for the price to overcome. Conquering this barricade, the bulls could attack 1.0795, a region that acted both as support and resistance throughout 2024 and overlaps with the 200-day simple moving average (SMA). A violation of that zone could set the stage for the ... (full story)