empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

18.05.202115:02 Forex Analysis & Reviews: EUR/USD Hot Forecast for 18 May, 2021

  • EUR/USD finally breaks above the 1.2200 mark.
  • The continuation of the upside now targets 1.2243.

Exchange Rates 18.05.2021 analysis

EUR/USD extends the rebound from last week's lows in the 1.2050 region to the area above 1.2200. EUR/USD has extended its gains and has topped 1.22, the highest since February. The safe-haven dollar is weakening amid the risk-on mood and as the Fed sticks to its dovish policy. Eurozone GDP was confirmed at -0.6% in Q1.

The ongoing context allows for the continuation of the uptrend, at least in the very near-term, with the next hurdle at the February's high at 1.2243. A surpass of the latter should open the door to a probable visit to the YTD peaks in the mid-1.2300s (January 6).The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the critical resistance turn support today at 1.2180.

However, notably, that the daily MACD has not confirmed the recent highs yet, which could be indicative of a bearish divergence and therefore a prelude to a corrective move in the short term. Support awaits at 1.2150, which was the high point in April. It is followed by 1.2105, 1.2075 and 1.2050.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.