EURUSD – Analysis and Forex Trading Signals – 27 May 2014

EURUSD – Analysis and Forex Trading Signals – 27 May 2014

Analysis:

EURUSD broken 1.364 zone and moved lower on last Friday. However, EURUSD rebounced when touching 200 days EMA at 1.3615.

During early of Asian Trading Session today, EURUSD has continued its retracement back to 1.3674 zone and this is an important zone to watch. If EURUSD can maintain within 1.3674 – 1.37 zone, it will likely to move higher, otherwise down trend will resume soon.

Our view on EURUSD is still bearish with target of 1.35 or 1.3475.

Strategy today is to watch for sell signals at 1.3674 zone.

Screenshot 2014-05-27 12.34.46

Forex Trading Signals:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.380 – 1.386

+1.3700

+1.3674

Support zone:

+ 1.3645

+ 1.3615

+1.35

+ 1.3476

Forex Signals 247

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