EURUSD Technical Analysis - Uniglobe Markets

EURUSD Technical Analysis

Posted on May 8, 2018 at 09:34 AM

We can consider that the EURUSD trading the beginning of this month is negative by 1.19100, The pair touched the 1.19100 and started moving down and looking for a stability under this point. The stability by trading under the 1.19100 could be considered as a sign for a downtrend towards the 1.18500

Positive News on the US Dollar today could be the catalyst for a break of 1.19100 and a downtrend towards 1.18500

Support: 1.19100 – 1.18500 – 1.17500

Resistance: 1.19910 – 1.20100 – 1.2100

Trend: EURUSD is trading below 1.19100 targeting 1.18500 with a condition not to trade above the 1.20100

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