Forex Academy Quick Links:

EURUSD Daily Forecast: May 19

EURUSD Daily Forecast: May 19
Monday, May 19th, 2014 @ 3:09 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own.

Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

EURUSD Forecast        

The EURUSD attempted to push lower last week, but found a good support at the daily EMA 200 and 1.3650 support area as you can see on my daily chart below. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.3775 – 1.3650. A clear break above 1.3775 could trigger further bullish pressure testing 1.3850 – 1.3900. On the other hand, a clear break below 1.3650 could trigger further bearish scenario at least testing 1.3500.


3 Responses to “EURUSD Daily Forecast: May 19”

  1. Michel says:

    Analyze pairs the same way you do any stock. There is nothing inircnsitly different. Instead of earnings being potential black swan you have government and central bank actions. If you are looking for a trading bot I researched those and found lots of claims, and many more ads disguised as reviews, all glowingly positive, BUT I also found one review by someone who had tried it and posted the entire record of trades generated by the top rated program. It was limited to the British/Swiss pair which has a wide bid/ask spread. That eats up most of the profits the program generated. Typically the gain per trade was single digit pips.I know the bot pushers here will give me thumbs down but so what. For myself I would rather have one trade make 25 to 50 pips than ten bot trades netting 50 pips total like the review I saw.

  2. Shoaib says:

    I don’t really need to depend on any of the sites to make profits, as i get daily free analysis from my broker OctaFX and the best part is it is fully trustable. Since they have won 8 awards in just 3-4 years of their service which includes the best customer service too, so they always provide me the best and with following their analysis for last 12 months my account has grown into 500% profits, so I will highly recommend using such quality broker!

  3. Jawad says:

    Shoaib i want to ask something about OctaFX, i just started trading recently with them, but i want to ask if these analyses are for everyone or just us the traders. I am loving this free service as like you it have made me profits in few days, so i want to recommend my friends using these as they always waste so much money every month trying to search for a good signal service, but with OctaFX not only they will get great broker, but also free quality analysis.

Leave a Reply

Submit Your Comment

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!


Next Free Forex Webinar

Free Market Commentaries


Blog Archive

Forex Links

Educational Partners

The Geek Knows
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory