Technical analysis and trading recommendations for the EUR / USD currency pair as of May 18, 2018
May 18, 2018 3:23 pm
In the previous review, we discussed that the “bearish” interest is preserved and the quotation managed to overcome the local minimum from May 9 (1.1821), then after it, working out, according to the principle, the breakout breakdown. Now, we see how it gradually falls below our previously formed breakdown of 1.1762, while maintaining a “bearish” interest. It is possible to assume that the quotation will continue to show a downward mood, where the “last” hope of buyers remains the range level of 1.1700 / 1.1650.
The material has been provided by InstaForex Company – www.instaforex.com
In the previous review, we discussed that the “bearish” interest is preserved and the quotation managed to overcome the local minimum from May 9 (1.1821), then after it, working out, according to the principle, the breakout breakdown. Now, we see how it gradually falls below our previously formed breakdown of 1.1762, while maintaining a “bearish” interest. It is possible to assume that the quotation will continue to show a downward mood, where the “last” hope of buyers remains the range level of 1.1700 / 1.1650.
The material has been provided by InstaForex Company – www.instaforex.com
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