EURUSD Daily Forecast May 21 2019

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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

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