Preview Mode

Search Directory
Search Directory
  • Add
    Company
Home
> Forex Brokers
> ArgusFX
> EUR/USD Technical Analysis - May 26, 2017
Disclaimer

EUR/USD Technical Analysis - May 26, 2017

ArgusFX

Disclaimer

General Analysis

The EUR/USD trades within a swing formation since May 22, 2017, with both the buyers and the sellers gaining satisfactory profits.

EUR/USD slightly bullish at 1.1214

The recent bearish outlook could increase the sellers' confidence in their attempts of forcing the pair lower.

Today, the sellers, upon market opening, resumed placing strong downside pressures on the price slightly below the 1.1214 zone. On the other hand, the buyers may attempt boosting the pair to the upside with a bullish breakout at the 1.1214 level.

Probable Scenario

In the scenario where the buyers are able to perform an aggressive breakout at the 1.1214 zone, the pair could appreciate close to or even above the 1.1270 level.

Alternative Scenario

In contrast, in the event where the bears continue placing strong forces on the price, the EUR/USD may decelerate to far lower zones.

Today’s Key Events

The G7 meeting is expected to have a strong impact on the euro

The Gross Domestic Product Annualized (Q1), the Durable Goods Orders ex Transportation (Apr), and the Durable Goods Orders (Apr) releases will likely have a strong influence on the U.S. dollar

Read More

ArgusFX Review

Source: https://www.argusfx.com/en/research-education/market-analysis/technical/eurusd-technical-analysis-may-26-2017
Disclaimer

Follow Us

Looking for a Service?

Looking for a Service?

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: Finance Magnates™ is not an investment advisor, Finance Magnates™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and Finance Magnates™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Finance Magnates™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Copyright © 2026 "Finance Magnates CY Ltd." All rights reserved.
For more information, read our Terms, Cookies and Privacy Notice Manage Cookies

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}