empty
06.05.2025 05:50 PM
Trading Signals for EUR/USD for May 6-8, 2025: sell below 1.1370 (200 EMA - 6/8 Murray)

This image is no longer relevant

The daily chart shows EUR/USD is trading below the bearish trend channel formed on April 17 under bearish pressure. The euro is below the 1/8 Murray and below the 21 SMA.

Technically, the euro is exhausted. So, the bearish outlook could remain valid as long as ER/USD settles below 1.1370. It could then reach the 200 EMA located at 1.08 in the short term.

On the other hand, if the euro breaks and consolidates above 1.1370 on the daily chart, the outlook could be positive, and we could expect EUR/USD to reach 1.1474 and even reach the psychological level of 1.1500.

The Eagle indicator is showing a negative signal, so we will look for shorting opportunities in the coming days below 1.1370, with targets at 1.1230 and 1.1184. Then, we could even expect a quick plunge towards the psychological level of 1.100.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.