EUR/USD fell further to 1.0759 last week but recovered since then. Initial bias remains neutral this week first. But deeper decline is expected as long as 1.0903 resistance holds. Fall from 1.1094 is seen as correcting whole up trend form 0.9534. Below 1.0759 will target 1.0515 cluster support, 38.2% retracement of 0.9534 to 1.1094 at […]

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The week ahead for EUR/USD is expected to be volatile, with the pair likely to be range-bound between 1.0700 and 1.0900. The main drivers of the pair will be the announcement of key economic data from the US and the Eurozone, as well as the developments in the Russia-Ukraine war.

In the US, investors will be watching the release of the May jobs report on Friday. Strong jobs growth could support the dollar, while weak data could weigh on the currency. The Federal Reserve is also expected to release its Beige Book on Wednesday, which will provide insight into economic conditions across the country.

In the Eurozone, investors will be watching the release of the May inflation data on Wednesday. High inflation could weigh on the euro, while a slowdown in inflation could support the currency. The European Central Bank is also likely to release its minutes from its latest policy meeting on Thursday.

The developments in the Russia-Ukraine war will also be closely watched by investors. The war has caused energy prices to surge, which has weighed on the euro. However, the war has also boosted demand for safe-haven assets, such as the dollar.

Overall, the week ahead is expected to be volatile for EUR/USD. The pair is likely to be range-bound between 1.0700 and 1.0900, with the main drivers being the US and Eurozone economic data, as well as the developments in the Russia-Ukraine war.

Here are some key events that could impact EUR/USD in the week ahead:

• US non-farm payrolls report (Friday, May 26)

• Federal Reserve Beige Book (Wednesday, May 24)

• Eurozone inflation data (Wednesday, May 24)

• European Central Bank minutes (Thursday, May 25)

• Developments in the Russia-Ukraine war