We have outlooked several promising Forex pairs and the result can surprise you!
EUR/USD found a base
Information is not investment advice
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower. On D1, we can clearly see that the second low set on Friday, May 3, was higher than the one of late April. The candlestick with the long lower wick gave EUR/USD bullish momentum. The pair is above the weekly pivot point (1.1199). It may now form a kind of harmonic pattern rising to 1.1260 (50-day MA) and even to 1.1320 (100-day MA).
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?