FX.co ★ Trading plan for EURUSD for May 09, 2022

The 1-hour chart suggests that EUR might have carved a meaningful upswing between 1.0480 and 1.0590 on Friday. The same is being retraced for now and the next leg higher would resume soon towards 1.0670 and 1.0780 levels. Prices must stay above 1.0480 mark for the above scenario to remain intact.

Trading plan:

Potential rally through 1.0920-30 against 1.0300.

Good luck!