Market Analysis of EURUSD on Tuesday, May 18, 2021

2021-05-18 15:35Source:BtcDana

EURUSD


The US dollar index fell slightly by 0.14% on Monday, Market concerns about high inflation risk, rising US Treasury yields and mild comments from the European Central Bank offset the positive sentiment of some European countries in easing restrictions on Covid-19. European currencies rose collectively, while the New Zealand dollar fell more, the Canadian dollar rose slightly, and the Australian dollar fell slightly. From a technical point of view, the euro's daily line is in a state of fluctuating rise, and the daily line level is rising. At present, the bulls in Europe and the United States will continue to continue. In H4, the euro will reach a recent high, and there is an opportunity to test around 1.2180. It will run along the boll track, Stepping back on the previous golden section line and stabilizing upward, the indicators are bullish across the board. Overall prioritise operation on the influctuation zone. The deciding point whether to buy or sell is near 1.2180

https://asset.ycxfy.com/upload/file/1621267200000/1621326932751.pngResistance:1.2180-1.2240-1.2280

Support:1.2125-1.2080-1.2050


Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.


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