Technical analysis on EURUSD for May 23rd, 2023.
May 23, 2023 1:24 pmVideo
Latest News
- Technical Analysis – EURGBP’s double bottom still waits for confirmation April 11, 2024
- Technical Analysis – US 30 index slides below 50-day SMA April 11, 2024
- Video market update for April 11, 2024 April 11, 2024
- EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024
- GBP/USD. April 11th. The US inflation report shocked the bulls April 11, 2024
- Technical Analysis – USDCHF unlocks 6-month high April 11, 2024
- Overview of the GBP/USD pair on April 11, 2024 April 11, 2024
- Overview of the EUR/USD pair. April 11th. The market couldn’t hold up after the inflation report April 11, 2024
- Analysis and trading tips for USD/JPY on April 11 April 11, 2024
- What’s behind the US economy’s resilience? – Special Report April 11, 2024
- Technical Analysis – AUDUSD plummets in the US CPI aftermath April 11, 2024
- Technical Analysis – WTI oil pauses rally but remains supported April 11, 2024
- Market Comment – Dollar surges across the board on hot inflation data April 11, 2024
- EUR/USD and GBP/USD: Technical analysis on April 11 April 11, 2024
- Key events on April 11: fundamental analysis for beginners April 11, 2024
- Trading plan for GBP/USD on April 11. Simple tips for beginners April 11, 2024
- Trading plan for EUR/USD on April 11. Simple tips for beginners April 11, 2024
- Trading Signals for EUR/USD for April 11-15, 2024: buy above 1.0742 (0/8 Murray – rebound) April 11, 2024
- Crash on Wall Street: Inflation vs. Rate Cut April 11, 2024
- Forecast for EUR/USD on April 11, 2024 April 11, 2024
Red lines- bearish channel
EURUSD is trading around 1.0770. EURUSD is under pressure again today after getting rejected at the upper channel boundary resistance. Price remains inside the downward sloping red channel and so do we remain bearish. Price is very close to providing new lower lows. In yesterday’s analysis we warned that the inability to break above the resistance of 1.0830 would lead to another move lower towards 1.07. Resistance remains key for the near term at 1.0830. Support is found at recent lows of 1.0760.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: