GetKnowTrading: EURUSD Chart Analysis

Frano Grgić

Trader
May 20, 2020
4
0
7
33
We have now price bounced from the resistance line at 1.09860 where candles look like the bulls have much more strength.

Bounce has been realized with small bear candles which does not give to much confidence in the bear strength. That is why we should watch for the bullish price action signal.

EURUSD Daily Forecast 27_05_2020.png
 

Frano Grgić

Trader
May 20, 2020
4
0
7
33
Today we will see will the price make a pullback to 1.09860 level which now is acting as a support level. Price could make a pullback before trying to break above 1.10373 level.
EURUSD Daily Forecast 28_05_2020.png
 

Frano Grgić

Trader
May 20, 2020
4
0
7
33
Today is Friday and it is a day when I do not want to trade to much. EURUSD Daily Forecast 29_05_2020.png
From this point price have a chance reaching next resistance level at 1.11091 if bulls can find strength.

There is also a chance we see price pulling back to the support level 1.10373 if the bulls move out from the market.