#forexbreakfast Forex 10/05/2022
Last week, the dollar gained ground against nearly all major currencies. The Euro, like the dollar, has benefited from the rise in interest rates.
Last week, after briefly rising above 1.06, the EURUSD exchange rate fell back to around 1.05, ending the week little changed. On the technical front, it is important to maintain 1.05 in order to avoid a drop towards the 2017 lows in the 1.0340 area. The first dynamic resistances on the upside are located at 1.0681 and 1.0936.