EURUSD Consolidates Its Position Beneath 1.0900 Level Amid the Holiday Season

EURUSD Consolidates Its Position Beneath 1.0900 Level Amid the Holiday Season

EURUSD Price Analysis – May 25

The EURUSD pair failed to create any solid directional bias and swing set through the early North American session on Monday between growth / small losses. The downside stayed shielded close to the level at 1.0860 beneath the level of 1.0900.

Key levels
Resistance Levels: 1.1495, 1.1146, 1.1020
Support Levels: 1.0784, 1.0635, 1.0339

EURUSD Long term Trend: Ranging
In the larger context, the entire downtrend from 1.2555 (high) level may still be in progress as long as 1.1495 resistance level holds. The next target is to level 1.0339 (low). Nevertheless, a continued break of 1.1496 level may assert that such a downward trend is over.

Then, the increase from level 1.0635 may be seen as a third stage of the trend from level 1.0339. In this scenario, the trend may be altered to bullish for a 1.2555 level retest.

EURUSD Short term Trend: Ranging
EURUSD intraday bias remains neutral, and the trend stays intact. On the contrary, the 1.0784 level breach could aim for a low level of 1.0635 for a retest. On the upside we may see a stronger rebound to 1.1146 resistance level beyond 1.1020 level.

Simply put, the price activity from level 1.0635 is seen as a trend of consolidation. Meanwhile, at 1.1236 level, the upside may be restricted by a 61.8 percent retraction from 1.1495 to 1.0635 levels.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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