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On January 11, Sergey Lebedev, coordinator of the pro-Russian underground organization in Nikolayev Oblast, Ukraine, told RIA Novosti on January 10 that witnesses reported large-scale transportation of NATO equipment in Poland. Lebedev said: "In recent days, a lot of information from Poland shows that NATO is transporting a large number of personnel and equipment. The scale of equipment transportation is so large that it is impossible not to be discovered." Lebedev believes that Western countries are preparing for a conflict between Poland and Russia and a possible blockade of Kaliningrad. He said: "The West is waging war against Russia in Ukraine, and they will do everything they can. They dont care about the lives of the Poles, just as they dont care about the lives of the Ukrainians."On January 11, Ant Group and Good Doctor Online appeared on the same stage for the first time after completing the acquisition. Both parties said they would jointly promote the AI of medical services, improve doctors work efficiency with AI, and released an "AI assistant" to help doctors popularize science and manage medical records.Ukraine said Russia launched 74 drones during the night, 47 of which were shot down and another 27 failed to reach their targets.Russian Ministry of Defense: A Mi-28NM helicopter of the Russian Aerospace Forces prevented the rotation of Ukrainian troops in Kursk Oblast and destroyed Ukrainian armored vehicles and personnel.South Koreas Ministry of Transport: The cockpit voice recorder of the crashed Jeju Air passenger plane stopped recording four minutes before the crash.

EUR/USD Price Analysis: A Pullback Beyond the 1.0590-85 Support Confluence Remains Improbable

Alina Haynes

May 05, 2022 10:25

EUR/USD bulls appear to be running out of steam after rallying to the highest level since early March during Thursday's Asian session.

 

The recent weakening in the main currency pair could be attributed to the RSI being overbought.

 

Nonetheless, the quote retains the previous day's 200-HMA breakout, as well as several levels defined by a fortnight-long horizontal area centered on 1.0590-95. Thus, EUR/USD remains a target for buyers till it breaks through the 1.0590 barrier.

 

If the pair falls below 1.0590, a one-week-old rising support line around 1.0515 may act as a temporary halt on the way to the pair's recent multi-month low of 1.0471.

 

Meanwhile, the April 27 high near 1.0655 appears to be immediate resistance for EUR/USD buyers to monitor on the way up.

 

Following that, the 50% and 61.8 percent Fibonacci retracements of the April 21-28 fall will be monitored, respectively near 1.0700 and 1.0760.

 

EUR/USD is poised for a much-anticipated corrective fall following the Fed's latest action.

EUR/USD: Hourly Chart

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