Technical Analysis : EUR/USD 7 May 2021

7 May 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsEUR/USD

Forex Technical Analysis : EURUSD 7 May 2021

Forex Technical Analysis : EURUSD

Date : 7 May 2021

Pivot point : 1.2045

Our preference : long positions above 1.2045 with targets at 1.2080 & 1.2095 in extension.

Alternative scenario : below 1.2045 look for further downside with 1.2030 & 1.2015 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

1.2120 **
1.2095 *
1.2080
1.2063 – Last price
1.2045
1.2030 *
1.2015 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 100% of our IB commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 100%