empty
 
 
31.05.2023 07:58 AM
Trading plan for EURUSD on May 31, 2023

This image is no longer relevant

Technical outlook:

EURUSD dropped close to 1.0670 on Tuesday before finding bids again. The bulls managed to push the price higher up to 1.0750 intraday before pulling back. The single currency pair is retracing its upswing and is seen to be trading close to 1.0690 at this point in writing. The bulls are expected to come back and push prices towards the 1.0850-70 zone in the near term.

EURUSD is close to terminating its larger-degree corrective wave around 1.0500. The single currency is retracing its previous rally between 0.9535 and 1.1035 and its initial support comes through the Fibonacci 0.382 retracement seen just below 1.0500. Once complete, the bulls are expected to come back and push prices above 1.1095.

EURUSD has been dropping from the 1.1095 highs carving a series of lower-degree waves. Prices might have found interim support around 1.0670 and could produce a short pullback rally towards 1.0850 at least in the next few trading sessions. The bears would be prepared to come back in control thereafter and drag towards 1.0500.

Trading idea:

A potential drop after a short rally towards 1.0850

Good luck!

Ringkasan
Segera
Analitic
Oscar Ton
Mulakan perdagangan
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 $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 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 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