Analysis Forex market on 7.05.2020

Hello. Below are a few recommendations for trading in the Forex market on 7.05.2020


On EURUSD, the price has come once again to the level of 1.0800. Attempts to pass the level was not taken and the Price Action pattern there. But I think that forces to pass the level is not enough and probably worth to wait for rebound and continuation of the sideways pattern. You can look at here to purchase, and look for entry signals on lower time frames.


On pair EURGBP formed a pattern of Internal bar at the level 0,8680. It seems that the sideways movement continues. The price move within the sideways pattern is very small, so that transactions to consider here is not worth it.

Like this post? Please share to your friends:
Leave a Reply