EURUSD Daily Forecast May 24 2019

EURO - dollar - 65985-

EURUSD Sees Recovery Threats!

As long as 1.1106 support holds on a daily closing basis, the EURUSD remains in a recovery mode with risk to 1.1210 level. A halt is likely, it may test 1.1185 before attempts to break above 1.1210 level. However; above 1.1210 aims 1.1235 level, further upside, resistance comes at 1.1265 level.

On the downside, support comes at 1.1148 level ahead of 1.1106 level. Below 1.1106 restore the downside momentum and aim 1.1050 level, next support comes at 1.1000 level.

Conclusion: The EURUSD sees recovery threats above 1.1106 levels.

Support: 1.1148, 1.1106, 1.1050, 1.1000, 1.0950

Resistance: 1.1185, 1.1210, 1.1235, 1.1265, 1.1303

Key data/events which affect EURUSD today:

The U.S will report on Durable Goods Orders for Apr at 12:30 GMT. A buying opportunity is likey. Demand zone comes at 1.1106/1.1148 levels.

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