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On May 10, according to the Islamic Republic News Agency (IRNA), Irans Ambassador Extraordinary and Plenipotentiary to Armenia, Khalil Sherhrami, emphasized that an agreement is possible if those countries that have illegally invaded Iran return to rational and logical practices in their policies and actions. In an interview with Armenian television on Saturday, Sherhrami stressed that the aggression against Iran by the US and Israeli regimes clearly demonstrates that Iran cannot be forced to surrender or accept extreme demands from either side through military means, pressure, or threats. He stated that Iran is willing to reach an agreement through negotiations, but this requires clear guarantees that the US will adopt rational and logical practices and ensure that it will not launch another military invasion of Iran. He also emphasized that Iran opposes the selective interpretation of international law and will never allow the Iranian nation to be deprived of its right to the peaceful use of nuclear capabilities.On May 10th, the head of the German Airports Association warned that due to the continued shortage of aviation fuel, more flights may be canceled in the future, and airfares may rise further. (Note: The German Airports Association is an industry organization representing the interests of German airport operators.) The German Press Agency (dpa) reported on the 9th that Ralf Bessel, CEO of the association, said in an interview with the German newspaper Die Welt: "We are concerned that more flights will be canceled, especially flights of low-cost carriers and flights to destinations less important to tourism." Bessel predicted that in the best-case scenario, passenger numbers will remain at current levels this year, while "in the worst-case scenario, capacity at some airports will decrease by 10%. If this is extrapolated to all airports, it will affect 20 million passengers."May 10 - According to the European-Mediterranean Seismological Centre, a 5.5-magnitude earthquake struck the coastal region of the Biobío Region in central Chile at 22:34 local time on May 9, with a focal depth of 34.3 kilometers. There are currently no reports of casualties or property damage.Israeli Foreign Minister: Two aid convoy activists have been expelled from Israel today.According to the official measurement of the China Earthquake Networks Center, a 3.2-magnitude earthquake occurred at 11:27 on May 10 in Qinghe County, Altay Prefecture, Xinjiang (45.81 degrees north latitude, 90.16 degrees east longitude), with a focal depth of 18 kilometers.

In EUR/USD Price Analysis, around 1.0450, an oversold RSI tests the bears

Alina Haynes

Jun 30, 2022 16:06

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During the lethargic Asian session on Thursday, the EUR/USD hovers at a two-week low as oversold RSI conditions threaten more losses. Therefore, the principal currency pair will trade between 1.0450 and 0.40 at the absolute latest.

 

Even if the price resists the oversold RSI and continues to decline, the upward-sloping trend lines from May 13 at 1.0420 and 1.0400 will prevent additional losses.

 

Notably, the 1.0380 level and the yearly low at 1.0350 are further barriers to the south that might challenge EUR/USD bears.

 

Alternately, a six-week-old horizontal zone between 1.0460 and 1.0470 safeguards the price's immediate rebound.

 

The EUR/USD bulls will then be challenged by a downward-sloping resistance line at 1.0500 beginning on June 28.

 

If the pair rises above 1.0500, a confluence of the 50-SMA and 100-SMA around 1.0535 will precede the 200-SMA and weekly top near 1.0600 and 1.0615, allowing sellers to take their final positions.