EUR/USD Forecast, Technical Analysis

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  • S&P500 (ES), futures market
    Thursday forecast, May 28
    Uptrend
    The uptrend may be expected to continue, while pair is trading above support level 3028, which will be followed by reaching resistance level 3056.
    Downtrend
    An downtrend will start as soon, as the pair drops below support level 3028, which will be followed by moving down to support level 3008.

    Weekly forecast, May 25 – 29
    Uptrend
    The uptrend may be expected to continue, while pair is trading above support level 2976.25, which will be followed by reaching resistance level 3056.
    Downtrend
    An downtrend will start as soon, as the pair drops below support level 2976.25, which will be followed by moving down to support level 2903.25.

    Monthly forecast, May 2020
    Uptrend
    The uptrend may be expected to continue in case the market rises above resistance level 3000, which will be followed by reaching resistance level 3136 – 3211.
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 2925, which will be followed by reaching support level 2717 and 2455.


    DISCLAIMER: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor

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