empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

27.05.202219:20 Forex Analysis & Reviews: May 27, 2022 : EUR/USD Intraday technical analysis and trading plan.

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.

Exchange Rates 27.05.2022 analysis

A short- term sideway movement was demonstrated within the highlighted zone around 1.1600 before quick bearish decline could occur towards 1.1200.

On the other hand, the price zone around 1.1500 - 1.1600 remained a reference zone that applied significant bearish pressure upon two successive bullish visits before another bearish continuation sign was expressed.

Hence, downside movement proceeded towards 1.1000 then 1.0920 where short-term bullish pullback was initiated.

The price levels around 1.1150 hindered further bullish movement before another bearish move was aggressively expressed towards 1.0500.

Failure to persist below the newly-recorded LOW at 1.0350 will probably enable another bullish pullback at least towards 1.0800 and probably 1.1150 where bearish trades can be offered.

Until then, Intraday traders shouldn't have any BUY trades unless bullish persistence above 1.0650 is achieved first.

Mohamed Samy
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off