Thoughts on the Forex Market for 19.05.2026
Hello. Below will be several recommendations for trading on the Forex market for 19.05.2026
EURUSD
On the EURUSD pair, an Inside Bar pattern formed after moving below the 1.1627 level. I think it is worth considering buys here, expecting growth to resume and the main upward movement to develop. But I will watch the situation around the 50% level of the last decline; if the upward move turns out to be corrective, then that is a logical target for the correction in this situation. I will take targets for buys beyond the 1.1796 high.
GBPUSD
On the GBPUSD pair, we have an Engulfing pattern and a return above the 1.3347 level. We waited for price at these levels and got an interesting reaction. I will look for buys here intraday on corrections, the pattern is very wide and I want some kind of pullback downward to reduce risks. Targets for buys look good beyond the 1.3658 highs. But I will also keep my finger on the pulse around the 50% level, because we may resume falling in that area.
On EURUSD, an Inside Bar pattern formed after moving below the 1.1627 level. I think it is worth considering buys here, expecting growth to resume and the main