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Saturday, May 15, 2021

✍️ EURUSD: Targets for 17-21.05.2021.

✍️ EURUSD: Targets for 17-21.05.2021.

EUR/USD OANDA:EURUSD

Over the past trading week, the net outperformance of the buyers has increased by 20%.
🌐 Continued upside on the daily chart further confirms a 3% increase in market volume .
The unidirectional nature of the move over the coming week suggests a 1% decrease in investors' locked positions.
The nearest medium-term support is the weekly balance (1.2091).
πŸ‘‰ In case of a successful test of the weekly balance (1.2091), we expect upside with targets: hedge zone premium (1.2214) and market maker loss (1.2250).
In case of breakdown and consolidation below 1.2091, subsequent support for trading within the trading week is an upside gain (1.2040).
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