31.05.201907:24 Forex Analysis & Reviews: May 31, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Since January 10, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15.

For Intraday traders, the price zone around 1.1235 (78.6% Fibonacci) stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23.

Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for a while)

On May 17-20, a bearish breakdown below 1.1175 was temporarily achieved.

As expected, further bearish decline was expected towards 1.1115. This is where significant bullish recovery was demonstrated by the end of last week on Thursday bringing the EURUSD pair back above 1.1175.

Recently, The EURUSD pair was trapped between the depicted price zones (1.1150-1.1235) until this week on Tuesday when another bearish breakdown was demonstrated below 1.1150.

This should enhance the bearish side of the market towards 1.1115. However, conservative traders should stay out of the market until long-term outlook is determined.

Trade recommendations :

Intraday traders should look for another bullish breakout above 1.1175 as a valid BUY signal.

T/P level to be located around 1.1240. Stop loss should be placed below 1.1150.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.