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JinDao_Tai
May 27, 2019 7:36 AM

EUR/USD Outlook (27th May 2019) 

Euro Fx/U.S. DollarFXCM

Description

  • 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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