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Technical analysis

04.05.201812:05 Forex Analysis & Reviews: Technical analysis and trading recommendations for the EUR / USD currency pair as of May 4, 2018

Long-term review

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The currency pair EUR / USD, after the active downward movement approached the range support level of 1.1900, where it felt support and as a result slowed down the movement. Now, we see attempts to work out the level, but the "bearish" interest still prevails in the market, which gives us a chatter. It is possible to assume that a two-digit wagging within the range of 1.1930 / 1.2000 will remain where it is worthwhile to track the fixations for planning further trading operations.

Key Levels

Resistance - 1,2080 *; 1.2160 **

Support -1,1900; 1.1780 *.

* Periodic level

** Range level

Signals

- It is recommended to buy a pair after fixing the price above 1.2020, with the prospect of a move to 1.2080 / 1.2160.

- Sale by a pair is recommended to make prices after a clear fixation of the price below the level of 1.1900, with the prospect of a move to 1.1780.

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