Forex4you - Analytics

    Forex4you

    536.00 7.00/10
    60% of positive reviews
    Real

    Technical analysis for the EURUSD on 21.05.2015

    The EURUSD is consolidating below 1.1145 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 220 pips Max. 1.1270

    Min. 1.0900

    eurusd14

    Slack trading was observed yesterday. Having breached support at 1.1145, the Euro consolidated below this level for the whole session.

    Continuing consolidation is usually followed by the rebound down. However, taking into account today’s speech of the ECB president Mario Draghi at 20.30, it’s hard to predict future development.

    If another test of the 1.1145 resistance fails, the price will bounce down towards 1.1030, 1.0965, 1.0900.

    Alternative scenario: correction up will commence if price breaks resistance at 1.1145.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The EURUSD is consolidating below 1.1145 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 220 pips Max. 1.1270

    Min. 1.0900

    eurusd14

    Slack trading was observed yesterday. Having breached support at 1.1145, the Euro consolidated below this level for the whole session.

    Continuing consolidation is usually followed by the rebound down. However, taking into account today’s speech of the ECB president Mario Draghi at 20.30, it’s hard to predict future development.

    If another test of the 1.1145 resistance fails, the price will bounce down towards 1.1030, 1.0965, 1.0900.

    Alternative scenario: correction up will commence if price breaks resistance at 1.1145.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree