EURUSD – Analysis and Forex Trading Signals – 22 May 2014

EURUSD – Analysis and Forex Trading Signals – 22 May 2014

Analysis:

Yesterday EURUSD moved lower and try to break 1.3650 zone but failed.

Germany May PMI data is mixed with Markit Manufacturing PMI missed expectation (52.9 vs 54) but Markit Service PMI surprised to the upside (56.4 vs 54.5).

Europe May PMI data is mixed as well. Markit Manufacturing PMI printed at 52.5 vs 53.2 estimated. Market Service PMI is 53.5 vs 53 as expected.

EURUSD currently trade below opening price with bias down trend. We expect EURUSD will break the lower range to move down toward 1.36 today.

Screenshot 2014-05-22 15.16.20

Forex Trading Signals:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.380 – 1.386

+1.3730

Support zone:

+ 1.370

+ 1.365

+ 1.3566

+ 1.3476

Forex Signals 247

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