EUR/USD resumes the upside above the 1.0500 yardstick

EUR/USD resumes the upside above the 1.0500 yardstick By pabspiovano EURUSD Currencies Majors

ECB’s Fernandez-Bollo, de Guindos next on tap.EUR/USD up on dollar weakness, risk-on mood

In the US, the final Consumer Sentiment for the current month will grab all the attention seconded by May’sEUR/USD regains composure and advances further north of the 1.0500 mark amidst the mild improvement in the risk appetite trend in a week marked by broad-based choppy trading. : Fragmentation risks. Kickstart of the ECB hiking cycle in July? Asymmetric economic recovery post-pandemic in the euro bloc. Impact of the war in Ukraine on the region’s growth prospects.So far, spot is gaining 0.25% at 1.0543 and a breakout of 1.0605 would target 1.0623 en route to 1.0786 . On the other hand, the next support emerges at 1.0358 followed by 1.0348 and finally 1.0300 .

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