EURUSD Indecisive Market Lacks Follow-Through Buying

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

EURUSD Price Analysis – May 24

The EURUSD is stuck between February’s high of 1.2243 and a long-term restricting horizontal barrier line, which if broken would open the way to the top of a larger uptrend that began in March 2020. The EURUSD indecisive market lacks follow-through buying beyond 1.2245 barriers. Overall, the safe-haven USD gains were limited by the risk-on mood, which helped limit the downside.

Key Levels
Resistance Levels: 1.2414, 1.2350, 1.2245
Support Levels: 1.2150, 1.2100, 1.2050
EURUSD Long term Trend: Ranging
On Monday, the EURUSD pair saw some buying in the initial half of the European trading session, up from 1.2171 with about 50 pips from the lows set earlier at the weeks open. The RSI has been unable to restart upward movement in recent days, while the price trades around the 5 and 13 moving averages, raising the chances of a near-term downside correction.

In the near term, however, an ascending trendline has been shielding the market from rapid downside moves. As a result, the bears must successfully break this through to encourage more aggressive selling toward the 1.2050 swings low of Mar. 13, 2021, where the medium support is located on the daily chart.
EURUSD Short term Trend: Ranging
As seen on the 4-hour chart, with 1.2050 support intact, the EURUSD has a neutral intraday bias and is expected to consolidate. A break of 1.2245 on the upside will restart the rise from 1.1704 to retest the 1.2350 high. The bullish case will be delayed if 1.2050 is broken.

The intraday bias will be shifted to the downside to expand the consolidation trend that began at 1.2350 with another dropping leg. In summary, in the short term, the EURUSD has a diminishing bullish bias. A close below 1.2150 could confirm more losses, while a close above 1.2245 could seek to reintroduce the previous uptrend.

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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *