A-FX Forex Daily analysis 24.05.2019

EUR/USD: Technical Forecast: Consolidation


Yesterday we saw a nice decline in EUR/USD during the London session. The currency pair hit new low and take out big liquidity, after that rise aggressive. Today is Friday and we do not expect to see an aggressive market, but we expect EUR/USD to stay in consolidation in the range of 70 pips.

Our important levels will be:

  • Expect Bearish move from Resistance Zone 1 -> 1.12091
  • Expect Bearish move from Resistance Zone 2 -> 1.12388
  • Expect Bullish move from Support Zone 1 -> 1.11571
  • Expect Bullish move from Support Zone 2 -> 1.11400

GBP/USD: Technical Forecast: Consolidation

Yesterday we saw a nice decline in GBP/USD during the London session and then the market turn back aggressively bullish. Like in EUR/USD, we do not expect aggressive market at GBP/USD today. We saw a nice up move during the London open and now we expect the market to reach our resistance zone 1 and to reverse. We have several important news today for GBP/USD – Retail Sales (YoY) and Retail Sales ex-Fuel (YoY).

Our Important levels are:

  • Expect Bearish move from Resistance zone 1 – 1.27050
  • Expect Bearish move from Resistance zone 2 – 1.27695
  • Expect Bullish move from Support zone 1 – 1.26440
  • Expect Bullish move from Support zone 1 – 1.26142

Good luck at the markets, Traders.

Kind Regards,

Angels-FX Team