EUR/USD Analysis for May 21, 2026
The pair saw a clean move to the downside, completing a technical pattern.
We are currently monitoring whether the price can break through yesterday's extreme, which formed at the 1/4 margin zone from the low.
If that level is breached, the potential targets are 1.1660 and 1.1685.
News:
France has recorded its sharpest decline in business activity in 5.5 years. The composite PMI for May fell to 43.5 points, signaling a deep economic crisis.