empty
 
 
20.05.2022 04:06 PM
Technical analysis of EUR/USD for May 20, 2022

This image is no longer relevant

Overview :

The EUR/USD pair faced resistance at the level of 1.0642, while minor resistance is seen at 1.0578.

Support is found at the levels of 1.0530 and 1.0495. Yesterday, the EUR/USD pair continued to move upwards from the level of 1.0495. The pair rose from the level of 1.0495 to the top around 1.0590. But the trend rebounded from the top price of 1.0590 to close at 1.0560.

In consequence, the EUR/USD pair broke resistance, which turned strong support at the level of 1.0495.

Today, the level of 1.0495 is expected to act as major support. Hence, we expect the EUR/USD pair to continue moving in the bullish trend from the support level of 1.0530 towards the target level of 1.0600.

If the pair succeeds in passing through the level of 1.0600, the market will indicate the bullish opportunity above the level of 1.0600 in order to reach the second target at 1.0642 to test the double top in the H1 time frame.

However, the price spot of 1.0642 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the double top as long as the level of 1.0642 is not breached.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget