empty
 
 
28.05.2019 07:56 AM
Trading plan for EURUSD for May 28, 2019

This image is no longer relevant

Technical outlook:

The EURUSD pair reversed from 1.1200/10 levels yesterday, as expected. Please make note that the single currency pair is still in the sell zone of resistance downtrend line presented here. Until the zones change, we shall remain bearish and look to the target below 1.1107 levels. Also note that yesterday's bearish reversal was quite important e.g. it came around the fibonacci 0.618 and trend line convergence as seen on the chart here. Intraday pullback rallies should remain well capped below 1.1215 levels, as potential high seems to be in place now. Immediate resistance is seen at 1.1260 and it is also the line in sand for bears to remain in control. Interim support remain at 1.1107 levels, which is expected to break down anytime soon. Please, be sure that the short term trend line displayed here was broken earlier, and the backside could provide the necessary support to continue rally. Hence, we shall reconsider the position around 1.1140 levels, which is the backside of trend line, highlighted with an arrow here.

Trading plan:

Remain short for now with stop at 1.1260 and target 1.0900.

Good luck!

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 $5000 más!
    ¡En Noviembre, sorteamos $5000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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