The 5%ers' Blog

EUR/USD Analysis For Short Term Forex Traders

May 24, 2019 | 8:37 am | The 5%ers' Blog
May 24, 2019 | 8:37 am
The 5%ers' Blog

Friday 24/05/2019

EUR/USD had a really nice, strong rally yesterday.

When the price moved up it created two fresh demands.

The one below us is a great level for buy position and in order to continue the short term bullish momentum that we see at the moment, the price just reaches that demand.

If it’s not too late, it’s a great opportunity for a short term buy position. On the other hand, if the price will break out this demand, it indicates that the price tends to reach the demand at the bottom.

In that case, we can look for a price action setup for a short term sell position, there is a 50 pips space between the demands.

Share:

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Well Done!

You won Free Admission to 52K Evaluation

Leave your name and email and we'll contact you

Well Done!

You won Free Admission to 40K Evaluation

Leave your name and email and we'll contact you

Well Done!

You won Free Admission to 24K Evaluation

Leave your name and email and we'll contact you

Well Done!

You won 15% Cashback For any Program

Leave your name and email and we'll contact you

Well Done!

You won 10% Cashback For any Program

Leave your name and email and we'll contact you

Well Done!

You won 5% Cashback For any Program

Leave your name and email and we'll contact you

Login

Your message is underway!

You will be hearing from us shortly