05.05.202614:53 Forex Analysis & Reviews: Trading Signals for EUR/USD on May 5-7, 2026: buy above 1.1680 (200 EMA - 4/8 Murray)

Relevance up to 08:00 2026-05-19 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The euro is trading around 1.1687, above the 200-day EMA, and showing consolidation around this level. Although downward pressure is evident, we could expect the euro to remain within this range over the next few days.

If the euro recovers above the 200 EMA in the coming hours, this could be seen as a positive signal to buy, with a target at the 21 SMA around 1.1715, or EUR/USD could even continue rising to reach the upper band of the uptrend channel around 1.1745.

A drop below the 200 EMA could change the euro's outlook, and we could expect it to reach the lower band of the uptrend channel around 1.1624. If downward pressure persists, EUR/USD could even fall further toward the psychological level of 1.15.

The Eagle indicator is showing a positive signal, so this may be considered a positive buy signal in the coming days; therefore, we will look for opportunities to open long positions above 1.1680, with a target at 1.1770.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.