Daily Market Analysis 13 May 2022

Daily Market Analysis 13 May 2022

  • Market News
  • Daily Market News
  • 2022, 13 May

EUR/USD

Technical Outlook

EUR/USD manages to holds the lows of 2017 below 1.0400. But the pair remains vulnerable of further downside movement. A heavy selling pressure breaks off the week long consolidation.

A firmer USD keeps pressure in place for EURO 


Technical Indicators
Action
RSI (28)
SELL
Oscillator (9)
SELL
MACD (Below Midline)
SELL
200 EMA (1.1180)
SELL


Strategy

Action
Sell
Entry
1.0390
Target 1
1.0360
Target 2
1.0330
Stop Loss
1.0420


Key Signposts

EUR: No key data

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