05.05.202517:34 Forex Analysis & Reviews: Trading Signals for EUR/USD for May 5-8, 2025: sell below 1.1370 (200 EMA - 6/8 Murray)

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.

Early in the American session, the EUR/USD pair is trading around 1.1345, reaching the top of the downtrend channel and showing signs of exhaustion.

The euro could resume its bearish cycle if it consolidates below 1.1370 in the coming days. It could then reach the 6/8 Murray level at 1.1230 and eventually reach the 200 EMA around 1.1161.

On the other hand, if the instrument breaks and consolidates above 1.1400, we could expect it to continue rising to reach the 7/8 Murray level at 1.1474. Eventually, EUR/USD could reach the 8/8 Murray level at 1.1718.

The outlook remains negative for the euro, and we believe it could reach the psychological level of 1.10 around the 5/8 Murray level in the short term.

The Eagle Indicator is showing a negative signal, and we will look for selling opportunities while the euro price remains below 1.1400, with a short-term target at 1.0986.

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.