EUR/USD drops to fresh two weeks low close to 1.1980

May 5, 2021

EUR/USD loses ground for the second successive session, tumbling to 1.1985.

This currently puts some attention on the 38.2 retracement level of the April rise @ 1.1980 as sellers are testing the 1.2000 level.

Currently, the US dollar is holding a slight advance against the euro.

All in all, EUR/USD is trading by the technical indicators, with sellers keeping near-term control.