Main Quotes Calendar Forum
flag

FX.co ★ Indicator analysis: Daily review of EUR/USD on May 27, 2022

parent
Forex Analysis:::2022-05-27T08:38:11

Indicator analysis: Daily review of EUR/USD on May 27, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move up from 1.0729 (close of yesterday's daily candle) to the historical resistance level at 1.0760 (blue dotted line). After testing this level, the price may move down to the support level at 1.0713 (thick white line). Upon reaching this level, the price may move up.

Indicator analysis: Daily review of EUR/USD on May 27, 2022

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – down;
  • Fibonacci levels – down;
  • Volumes – down;
  • Candlestick analysis – down;
  • Trend analysis – up;
  • Bollinger bands – up;
  • Weekly chart – down.
General conclusion:

Today, the price may move up from 1.0729 (close of yesterday's daily candle) to the historical resistance level at 1.0760 (blue dotted line). After testing this level, the price may move down to the support level at 1.0713 (thick white line). Upon reaching this level, the price may move up.

Alternative scenario: from the level of 1.0729 (close of yesterday's daily candle), the price may move upward to 1.0797, the 76.4% retracement level (red dotted line). After testing this level, continued upward movement is possible with the target of 1.0850, the 85.4% retracement level (red dotted line).
Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...