EURUSD May 16 to May 20 Outlook

By News Robot

Comparing to GBP, euro had a more difficult selloff. It took better half of the week to make an attempt to test Y-1 and finally sold off to almost Y-2.

Euro is resisting the selloff. Trend buy players are stepping in to support 1.42, 1.41, and 1.40 levels. Thus the price movement this week will likely be a mess. Would prefer to wait for the moving average crowds to finish their fights here first.
As long as Y-1 to B+1 acts as resistance, the down trend on 4 hours is intact.


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