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07.05.201817:21 Forex Analysis & Reviews: Technical analysis and trading recommendations for the EURUSD currency pair as of May 7, 2018

Long-term review

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The EUR / USD currency pair has got to the range support level of 1.900, trying to find a foothold, but still holding a bearish interest in the market. Rolling back a bit, we see an intense downward movement from the resistance level of 1.2410, where by the result we get to the current day almost 500 points of the move. Probably, no one denies that the currency is resold, and many of those. tools tell us this, but the "bears" do not let us go, and thus we see a periodic blubber, where 1,19 is a kind of stumbling block. Talk about the correction is, but when it comes, today or tomorrow, or in the week that I see now, this concentration is within the framework of 1.1900 / 1.1960, where the "bulls" will try to regroup.

Key Levels

Resistance - 1,2080 *; 1.2160 **.

Support - 1,1900; 1.1780 *.

* Periodic level

** Range level

Attention: Forecasts are not a direct guide to action!

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