Market Review 05-08

Market Review 05-08

EUR/USD forecast: The ongoing corrective bounce remains at the mercy of USD price dynamics

From a technical perspective, the pair has managed to find acceptance above 23.6% Fibo. level of the 1.1412-1.1027 recent downfall and hence, seems poised to extend recovery momentum. Immediate resistance is pegged near the 1.1155 horizontal resistance, which is closely followed by the 1.1175-80 supply zone and the 1.1200 round figure mark. A follow-through recovery has the potential to lift the pair further beyond 50% Fibo. level towards challenging 100-day EMA – around the 1.1245-50 region.

https://www.fxstreet.com/analysis/eur-usd-forecast-the-ongoing-corrective-bounce-remains-at-the-mercy-of-usd-price-dynamics-201908050513

Trading Central – EURUSD

Preference scenario: Long positions above 1.1095 with targets at 1.1160 and 1.1200 in extension.

Alternative scenario: Below 1.1095, look for further downside with 1.1080 and 1.1070 as targets

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.1200
1
€ 3,333.33
€ 6,666.67
€ 811.62
5
€ 16,666.67
€ 33,333.33
€ 4,058.10
10
€ 33,333.33
€ 66,666.67
€ 8,116.20
25
€ 83,333.33
€ 166,666.67
€ 20,290.50
50
€ 166,666.67
€ 333,333.33
€ 40,581.00

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10342746

USD/JPY may fall all the way to 104.80 – Confluence Detector

USD/JPY has been on the back foot as trade have been intensifying and the yen enjoys safe-haven demand. What levels should we watch?

https://www.fxstreet.com/analysis/usd-jpy-may-fall-all-the-way-to-10470-confluence-detector-201908050613

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 104.80
1
€ 2,995.33
€ 5,990.67
€ 935.00
5
€ 14,976.67
€ 29,953.33
€ 4,675.00
10
€ 29,953.33
€ 59,906.67
€ 9,350.00
25
€ 74,883.33
€ 149,766.67
€ 23,375.00
50
€ 149,766.67
€ 299,533.33
€ 46,750.00

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10341863

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