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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD 19.05.2022

Technical Analysis

Thursday, May 19, 2022 - 15:24

Point Trader Group

EURUSD 19.05.2022

summary:

The pair is trading in an uptrend

Expected scenario:

The pair is trading above a strong support level around 1.0300, which enhances the chances of a corrective rise to 1.0600 – 1.07000

Alternative scenario:

Breaking the level of 1.0300 may push the pair down to 1.0216 – 1.0164

resistance levels

1.0700 - 1.0853

Support levels

1.0300 - 1.0216

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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