A-FX Forex Daily analysis 28.05.2019

DXY: Technical Forecast: Bullish

Last week we saw consolidation and after the small bullish move, DXY decline and made good retracement. We are still bullish at long-term, but due to the Fed announcement, we can see greater consolidation.

Our Important levels are:

  • Expect Bearish move from Resistance zone 1 – 98.140
  • Expect Bearish move from Resistance zone 1 – 98.010
  • Expect Bullish move from Support zone 1 – 97.522
  • Expect Bullish move from Support zone 2 – 97.367

EUR/USD: Technical Forecast: Bearish


Yesterday EUR/USD decline aggressive from our resistance zone 1. We are still bearish, but during the London session, we saw the aggressive bearish move and after that consolidation. We have the expectation to see some pullback bullish before the trend continues bearish.

Our important levels are:

  • Expect Bullish move from Support Zone 1 -> 1.11570
  • Expect Bullish move from Support Zone 2 -> 1.11400
  • Expect Bearish move from Resistance Zone 1 -> 1.11900
  • Expect Bearish move from Resistance Zone 1 -> 1.12388

GBP/USD: Technical Forecast: Bearish

Yesterday we saw a nice decline in GBP/USD. Today London session begins with stop run and 20 pips bullish move, after that we see again decline. We are still bearish and today.

Our important levels are:

  • Expect Bearish move from Resistance zone 1 – 1.27260
  • Expect Bearish move from Resistance zone 2 – 1.29106
  • Expect Bearish move from Resistance zone 3 – 1.30084
  • Expect Bearish move from Resistance zone 4 – 1.31040
  • Expect Bullish move from Support zone 1 – 1.26440

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