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EURUSD analysis - Pair risks further downside towards 1.1110

OctaFx | May. 30, 2019
EURUSD analysis - Pair risks further downside towards 1.1110

30 May 2019, OctaFX – The euro is holding towards the worst trading levels of the week against the US dollar in early Thursday trade after the pair fell through key support, at 1.1150, on Wednesday.

EURUSD technical analysis

The EURUSD pair now needs to bounce from the 1.1130 region or it risks further downside towards the 1.1110 level and possibly lower. Overall, bulls need to close the four-hour candle above the 1.1200 level to change the bearish short-term bias.

  • EURUSD price is heavily bearish while trading below the 1.1130 level, key technical support is now found at the 1.1110 and 1.1080 levels.

  • If EURUSD price trades above the 1.1165 level, key technical resistance is found at the 1.1182 and 1.1200 levels.

EURUSD analysis, EURUSD price

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.