Evening review on EUR/USD for May 20, 2020

By | May 20, 2020
InstaForex
Evening review on EUR/USD for May 20, 2020

Relevance up to 09:00 2020-05-21 UTC–5

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EUR/USD:

After its normal consolidation on an H4 scale, the pair breaks through a maximum of 1.0980. The maximum normal rollback is 1.0940.

Closing the day above the level of 1.1020 may open the probability of growth at 1.1400.

You may consider purchases from 1.0855 and stop at 1.0835. You may move the stop to 1.0855, or to 1.0915, for conservative investors.

There is no level for sale so far near current prices, the closest is at 1.0770.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020

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