How To Make Money Today: Daily Market Analysis and Forex Trading Signals, 12 May 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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EUR/USD :

On the H4, with price moving below the ichimoku, we have a bearish bias that price will drop from our 1st resistance at 1.06194 to our 1st support at 1.04994 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 161.8% Fibonacci extension is.

Areas of consideration :

H4 1st resistance at 1.06194
H4 1st support at 1.04994

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