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22.05.201910:06 Forex Analysis & Reviews: Burning forecast EURUSD 05/22/2019

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.

On Tuesday, the EURUSD rate made an attempt to grow - this was fuelled by the pound's growth on reports of the possibility of a new referendum on Brexit.

However, the sellers immediately stopped trying.

It is very likely that we are waiting for an attempt to break through the support zone of 1.1110 - 1.1130 and the beginning of a big downward trend.

We sell from 1.1130.

Alternative: buy from 1.1225.

Exchange Rates 22.05.2019 analysis

Dean Leo
Analytical expert of InstaForex
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