Technical analysis for EURUSD for May 30, 2019

EURUSD has broken below 1.1150 and is challenging the 2019 lows at 1.11 area. Trend remains bearish in short- and medium-term. Price is heading towards 1.10 as long as price remains below 1.12.

Red lines – bearish channel

Black line – horizontal support

EURUSD remains in a bearish trend. Price is still trading inside the bearish red channel and below the Ichimoku cloud. For this medium-term trend to change to bullish we will need to see price break above 1.1230-1.1260 first and then above 1.13. Short-term resistance is found at 1.1185. Support is found at 1.11-1.1120. Breaking below it will open the way for a move towards 1.10 and lower. So far we have been saying that every bounce is a selling opportunity and this has proven correct as price has not broken any important resistance level yet.

The material has been provided by InstaForex Company –
2019-05-30 20:17:19

Source link

Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.

Top 10 problems you may need in life:

01. Espresso Machines review|
02. Gaming Keyboards review|
03. Gaming Headsets review|
04. Virtual Reality Headsets review|
05. Cordless Drills review|
06. Electric Keyboards review|
07. Gaming Mouse review|
08. Gaming Monitors review|
09. Gaming Laptops review|
10. WiFi Routers review|

You May Also Like

About the Author: Fidelia

A biographical sketch paints an abbreviated picture of someone's life. It can be written about someone else's life or your own life. If you're writing about someone ...

Leave a Reply

Your email address will not be published.