EUR/USD: Analyze weekly chart ideas 11 - 15/05/2020
The current market is moving sideways zone 1,09910 - 1,07740.
Resistances at 1.09910 and 1.11405, Support at 1.07740 and 1.06381.
The bearish pin bar appeared last weekend.
=> For the time being, we advise you to consider the support zone of 1.07740.
- If it breaks out of the support level of 1.07740 in the first two sessions of the week, it will likely drop to 1.06381 in the future.
=> if in the first 2 sessions of the week, the index does not cross the area of 1,07740, the possibility of continuing to move sideways continues in the area of 1,07740 and 1,09910 => Please pay attention to enter reasonable commands.
=> Please pay attention to risk management
Resistances at 1.09910 and 1.11405, Support at 1.07740 and 1.06381.
The bearish pin bar appeared last weekend.
=> For the time being, we advise you to consider the support zone of 1.07740.
- If it breaks out of the support level of 1.07740 in the first two sessions of the week, it will likely drop to 1.06381 in the future.
=> if in the first 2 sessions of the week, the index does not cross the area of 1,07740, the possibility of continuing to move sideways continues in the area of 1,07740 and 1,09910 => Please pay attention to enter reasonable commands.
=> Please pay attention to risk management