EUR/USD Price Analysis: Gains could accelerate above 1.0800

Market news

30 May 2022

EUR/USD Price Analysis: Gains could accelerate above 1.0800

EUR/USD pushes higher and reaches new May tops at 1.0780.
Next on the upside comes the 3-month resistance line near 1.0800.

EUR/USD keeps the upside well and sound and prints new monthly highs around 1.0780 on Monday.

Considering the ongoing pair’s performance, the continuation of the rebound looks likely in the very near term at least. That said, the next up barrier now appears at the 3-month resistance line near 1.0800.

The breakout of this area should mitigate the selling pressure and allow for a probable move to the weekly high at 1.0936 (April 21).

EUR/USD daily chart

Currencies. Daily history for Monday, May 30, 2022

Commodities. Daily history for Friday, May 27, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.