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22.05.201906:38 Forex Analysis & Reviews: Forecast for EUR/USD on May 22, 2019

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EUR/USD

On Tuesday, the euro was trading with a 46 pip range following the British pound on news of a possible re-referendum in the UK for Brexit. The news came at the same time with the publication of the worst data on home sales in the secondary real estate market in the US - the April data showed a decline from 5.21 million to 5.19 million. , 0% of the daily timeframe.

Currently, the price is in the range of that of Monday, but technical instruments signal an increase in pressure on it. This is a planned reversal of the Marlin oscillator signal line from the border with the growth area and the actual retest line of the MACD, which is traditionally considered to be a turning point from any indicator lines, such as simple moving averages. We are waiting for the price to consolidate below the level of 1.1155 and the euro to further decline to the Fibonacci level of 123.6% at a price of 1.1075.

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