JinDao_Tai

EUR/USD Outlook (27th May 2019)

FX:EURUSD   Euro / U.S. Dollar
  • U.S. Bank Holiday
  • EUR/USD testing key level

Price Movement
Since last Friday, EUR/USD moved up by around 30pips moving back down by around 15pips.

Trend
EUR/USD is ranging across.

Important Issue
Today is U.S. Memorial Day. As U.S. banks will be on holiday, expect lower than usual trading volume and volatility.

Technical
EUR/USD is testing the 1.12 key level.

Price Levels
Current Price: 1.11991
Next Resistance: 1.12300
Next Support: 1.10124

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