For Traders

Analytical Reviews

Technical analysis

26.05.202309:28 Forex Analysis & Reviews: EUR/USD analysis forMay 26, 2023 - Resistance cluster at the price of 1.0745 on the test

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.

Technical analysis:

EUR/USD has been trading upside this morning but resistance clusters are on the test at 1.0745. There is also a strong potential resistance at 1.0760.

In case of the upside breakout of the $1.0745, there is potential for the rally towards next major resistance at 1.0760

In case of the downside rotation and rejection of the resistance at 1.0760, there is chance for the rotation downside towards support zone at 1.0717

Faster Stochastic oscillator is showing fresh bear cross....

Back to the list

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.