MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of EURUSD for May 27, 2019

EURUSD bounced towards 1.12 but now we see the usual rejection signs once price reaches the upper channel boundaries. Medium-term trend remains bearish as price continues to make lower lows and lower highs.

analytics5cebeca65fd09.png

Red lines - bearish channel

EURUSD has been inside this bearish channel since the start of the year. The recent bullish reversal candle that we noted in a previous posts has pushed price from 1.11 to a bit higher than 1.12. However the important resistance area of 1.1230-1.1260 has remained untouched and unchallenged. Trend remains bearish as long as price is below the upper channel boundary. Price is showing rejection signs once again however with the US markets closed, we should be a bit more patient until tomorrow to have a clearer view of the market.

The material has been provided by InstaForex Company - www.instaforex.com