empty
 
 
Back Technical analysis
analytics69faefd6979f5.jpg
Back Technical analysis
EUR/USD: May 6th – The market remains in a sideways trend
On Tuesday, the EUR/USD pair declined
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
On Tuesday, the EUR/USD pair declined toward the 38.2% corrective level at 1.1666 but fell short by about 10 points, then reversed in favor of the euro and returned to the 50.0% Fibonacci level at 1.1745. A rebound from this level will favor the US dollar and a renewed decline toward 1.1666. A consolidation above 1.1745 will increase the likelihood of continued growth toward the next corrective level of 61.8% at 1.1824. The wave situation on the hourly chart
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback