Wednesday, May 27, 2020
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EUR/USD Showing Bullish Signs

EUR/USD - Econ Alerts

EUR/USD - Econ AlertsThe EUR/USD reached lows of 1.170 yesterday but closed higher at 1.177. We have two consecutive bullish pin candles on the daily chart, and a bullish candle on the close of the week, this suggests a bullish scenario for next week. The bias is bullish in nearest term testing 1.185 – 1.190 region. There is a level of support around 1.175. A clear break below that area could lead price to test 1.170, but only a clear break below 1.1650 would interrupt the bullish outlook. On the upside, a confirmed break and daily close above 1.191 could mean a target of 1.2000 or higher is very possible.

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