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Tuesday, May 18, 2021

✍️ EURUSD: Rising trend continues.

✍️ EURUSD: Rising trend continues.

EUR/USD OANDA:EURUSD

The nearest support level for Tuesday, May 18, is the limit buyer (1.2123).
🌐 In case of a successful test of the mentioned option support level , we expect a further rise with a target before the close of the day,- limit seller (1.2180).
Addition of downside positions of $144m further strengthens it.
⚠️ In case of breakdown and fixing above the mentioned resistance, we expect the subsequent growth to the medium-term target - the level of marketmaker's loss (1.2255).
In case of breakdown and consolidation below the Buy Limit (1.2123), the next support will be the balance of the week (1.2094).
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