EURUSD Daily Forecast May 21 2019

0
45
EURO - dollar - 65985-

EURUSD: Bearish Eyes The 1.1125 Levels

The EURUSD remains on the downside, as long as 1.1183 resistance holds on a daily closing basis. Support comes at 1.1125 levels. A halt is likely, it may test 1.1183 levels before another down. However; below 1.1125 aims 1.1085 level, further down, support comes at 1.1045 levels.

On the upside, immediate resistance comes at the 1.1183 levels. Above 1.1183 sees recovery threats to 1.1220 levels, above 1.1220 will extend the corrective recovery to 1.1262 levels.

Conclusion: The EURUSD sees downside threats below 1.1183 levels

Support: 1.1125, 1.1085, 1.1045, 1.1015

Resistance: 1.1183, 1.1220, 1.1262, 1.1303

- Advertisement -

Disclaimer: All advice within this website is for educational purposes only, we are not financial advisors so you must do your own judgment in regards to anything you learn here, all financial markets and trading strategies carry risk and they can lead to losing some or all your money. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite, any investment should only be done with risk capital. Cookies Notice: Cookies help us to show you the best possible website. By using our website, you agree that we use cookies.