### EUR/USD Weekly Recap:

- EUR/USD closed the week above 1.080, rebounding from an intraday low of 1.07 on Friday, May 8, 2020.
- The Euro lacks consistent support from the 50-day and 200-day moving averages after dropping below the 1.09 level against the US Dollar.
- Following a downward trend, the pair's price has fallen below the 38.20% Fibonacci Retracement Level, despite gains in the previous trading session.
- Since early March, EUR/USD has shown consecutive lower highs, peaking at 1.41.
- A sharp downturn led the Euro to its year-to-date low of 1.06 against the Dollar.
- With lockdown restrictions easing, the Euro is expected to show bullish sentiments in the short term, with a full rebound anticipated over time.
- Over the past week, the pair dropped over 1.7%, starting around 1.095 and hitting a low of approximately 1.076 two days ago.
- Key intraday resistance levels are at 1.09 and 1.10, with support at 1.076 and 1.063.