empty
 
 
30.05.2019 07:07 AM
Trading plan for EURUSD for May 30, 2019

This image is no longer relevant

Technical outlook:

The EUR/USD pair dropped to 1.1140/50 levels yesterday, enabling profit booking on the short positions taken around 1.1200/10 levels earlier. If the entire chart from 1.1111 lows is analyzed, there is no trend seen. it is just a sideways movement. Hence, the significance of support and resistance should be taken into consideration. Prices have approached its support zone around 1.1100/20 levels as seen on the chart view. Furthermore, it can be observed that the backside of immediate trend line resistance provides support. If this zone holds, bulls are expected to drag prices higher towards the resistance zone through 1.1250/60 levels soon. Please note that a consolidation structure has to be treated with support and resistance and traded accordingly until major support or resistance is broken. More conservative trading approach could be to remain flat and trade on a breakout on either side. Interim support is around 1.1100 levels, while resistance is at 1.1260 levels respectively.

Trading plan:

Aggressive traders go long with stop just below 1.1100, target 1.1260.

Conservative traders remain flat.

Good luck

Summary
Urgency
Analytic
Oscar Ton
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback