EUR/USD Forecast May 31, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 31 May 2016 06:21 UTC
The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday. Because of this, the market would have lost quite a bit of volatility later in the day, so not too much can be gleaned from this action. At this point in time, I still believe that rallies will offer selling opportunities above on exhaustive candles. That’s exactly what am waiting for, just a little bit of an overexertion by the market in order to take advantage of the bearish pressure.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.