empty
 
 
27.05.2024 02:50 PM
Trading Signals for EUR/USD for May 27-29, 2024: buy above 1.0836 (21 SMA - 200 EMA)

This image is no longer relevant

Early in the American session, the euro is trading around 1.0858, above the 21 SMA, and within the uptrend channel forming on the H4 chart.

The euro could continue rising if it consolidates around 1.0836 in the next few hours or makes a technical bounce at the bottom of the uptrend channel around 1.0825.

The outlook could remain positive for the euro if it consolidates above 1.0830 in the coming hours. Then, it could reach resistance levels around the May 15 high located at 1.0894 and could even reach 1.0956.

On the contrary, if the euro falls below 1.0830 and makes a sharp break below the uptrend channel forming since the beginning of May, we could expect a change in the euro trend. This scenario should be confirmed when the euro consolidates below the 200 EMA located at 1.0792.

The eagle indicator shows a positive signal for the euro. So, we believe with any technical rebound as long as EUR/USD trades above 1.0820, the outlook will remain bullish in the next few hours. Hence, we will look for opportunities to buy with the target at 1.0956.

Summary
Urgency
Analytic
Dimitrios Zappas
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 $9000 más!
    ¡En Mayo, sorteamos $9000 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